Pradhan Mantri Jan-Dhan Yojana(P.M.J.D.Y), Prime Minister's People Money Scheme is India's National Mission for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014. He had announced this scheme on his first Independence Day speech on 15 August 2014.

Run by Department of Financial Services, Ministry of Finance, on the inauguration day, 1.5 Crore (15 million) bank accounts were opened under this scheme. Guinness World Records Recognises the Achievements made under PMJDY, Guinness World Records Certificate says "The most bank accounts opened in 1 week as a part of financial inclusion campaign is 18,096,130 and was achieved by Banks in India from 23 to 29 August 2014". By 1 February 2017, over 27 crore (270 million) bank accounts were opened and almost 665 billion (US$10 billion) were deposited under the scheme.

Please watch this video(in Hindi) to know more about this scheme and its benefits

Having watched the video, please don't hesitate to let us know about any doubts that you may have in the comments section below. We will try to resolve the queries at the very earliest.

Here's wishing you the best financial health.

Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the views mentioned here should be considered as solicitations to invest in this scheme. None of the creators of the video are beneficiaries of this scheme and have any vested interest in recommending the same.

Arbind Kumar Roy

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