Big Success for Pradhan Mantri Jan Dhan Yojana
Over Rs. 2,30,792 Crores Deposited in 52.81 Crore Accounts
New Delhi [India], August 6: The Pradhan Mantri Jan Dhan Yojana (PMJDY) has achieved a major milestone with deposits reaching Rs. 2,30,792 crores in 52.81 crore accounts. This initiative, launched in August 2014, aims to provide universal banking services to every unbanked household.
Union Minister of State for Finance, Pankaj Chaudhary, shared that 55.6% of these accounts belong to women, with Rs. 29.37 crores deposited in their accounts. Additionally, 66.6% of the accounts are in rural and semi-urban areas.
The government has also introduced various social security schemes. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has seen 20.48 crore enrolments, providing life insurance cover of Rs. 2 lakh. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) has 45.08 crore enrolments, offering accidental cover of Rs. 2 lakh for death or permanent total disability and Rs. 1 lakh for permanent partial disability. The Atal Pension Yojana (APY) has 6.71 crore enrolments, providing monthly pensions to eligible subscribers.
To promote entrepreneurship, the government has launched credit-linked schemes. The Pradhan Mantri Mudra Yojana (PMMY) has sanctioned 48.92 crore loans amounting to Rs. 29.93 lakh crore for micro and small business units. The Stand-Up India Scheme (SUPI) has sanctioned 2.36 lakh loans worth Rs. 53,609 crores to Scheduled Caste, Scheduled Tribe, and women entrepreneurs for greenfield projects.
Doubts Revealed
Pradhan Mantri Jan Dhan Yojana (PMJDY) -: This is a government program started in 2014 to help everyone in India get a bank account, especially those who didn’t have one before.
Rs. 2,30,792 crores -: This is a very large amount of money. One crore is equal to 10 million, so this number means 2,30,792 times 10 million rupees.
52.81 crore accounts -: This means there are 52.81 crore bank accounts. One crore is 10 million, so this is 52.81 times 10 million accounts.
Union Minister Pankaj Chaudhary -: He is a government official in India who helps manage the country’s finances and banking policies.
55.6% of these accounts belong to women -: This means more than half of the bank accounts created under this program are owned by women.
66.6% are in rural and semi-urban areas -: This means most of the bank accounts are in villages and small towns, not big cities.
social security and credit-linked schemes -: These are special programs by the government to help people save money for the future and get loans to start businesses.
financial inclusion -: This means making sure everyone has access to banking and financial services, no matter where they live or how much money they have.
entrepreneurship -: This is when people start their own businesses and try to make money by selling products or services.
