Pradhan Mantri Jan Dhan Yojana (PMJDY) and India's Financial Inclusion Push

27 Jun 2026 · 2 min read · 1 views

PMJDY Atal Pension Yojana PMSBY PMJJBY

The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a national financial inclusion mission aimed at ensuring every household has access to a basic bank account, along with associated banking, credit, insurance, and pension services.

Basic Savings Bank Deposit Account. PMJDY accounts can typically be opened with zero balance, and come with a RuPay debit card, giving account holders access to ATM and digital payment infrastructure.

Overdraft facility. Eligible account holders, after operating the account satisfactorily for a period, may become eligible for a small overdraft facility to meet short-term needs.

Linked insurance schemes. Two low-premium government insurance schemes are commonly linked to Jan Dhan and other savings accounts: Pradhan Mantri Suraksha Bima Yojana (PMSBY), an accident insurance cover, and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a life insurance cover, both renewed annually via auto-debit.

Atal Pension Yojana (APY). A voluntary pension scheme aimed at workers in the unorganised sector, offering a guaranteed minimum monthly pension after age 60 based on the contribution amount and age at enrolment.

Frequently Asked Questions

No — PMJDY accounts can generally be opened and maintained with a zero balance, which is part of what makes the scheme accessible to low-income and previously unbanked individuals.

Yes. Both PMSBY and PMJJBY are open to any eligible bank account holder within the specified age bracket, not just PMJDY account holders, and are typically renewed each year via auto-debit consent.

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