Pradhan Mantri Jan Dhan Yojana: Rs. 10,000/- Will Get

The Prime Minister's Jan Dhan Yojana (PMJDY) is a nationwide initiative launched by the Indian government in August 2014 with the aim of achieving financial inclusion for every individual without a bank account.


This program seeks to ensure that individuals who were previously excluded from various government financial schemes gain access to essential financial services. These services encompass Banking/Savings & Deposit Accounts, Remittance, Credit, Insurance, and Pension, all of which will be provided to citizens in a convenient and affordable manner.

Pradhan Mantri Jan Dhan Yojana (PMJDY)

Pradhan Mantri Jan-Dhan Yojana is a government scheme launched by the government of India to provide easy access to financial services such as Remittance, Credit, Insurance, Pension, Savings and Deposit Accounts to poor and needy section of our society.

In contrast to an earlier financial scheme called Swabhimaan, which focused solely on opening bank accounts in villages, the PMJDY extends its scope to include individuals across both rural and urban areas. It allows anyone above the age of 10, who is an Indian citizen without a bank account, to open an account with zero balance, provided they meet other eligibility criteria. This is particularly advantageous for the rural population, where access to banking services and other financial institutions is limited.

Under the Jan Dhan Yojana, individuals can open accounts at any bank branch or specially designated Business Correspondent (Bank Mitra) outlets created for this purpose. The scheme also offers an accidental insurance cover of up to one lakh rupees at no cost to the account holder.


Account holders under the Jan Dhan Yojana receive a RuPay debit card, enabling them to withdraw cash from ATMs and make transactions at most retail outlets.

Benefits of Pradhan Mantri Jan Dhan Yojana

The Pradhan Mantri Jan Dhan Yojana (PMJDY) aims to revolutionize India's banking system by providing banking and insurance to all, especially the poor. Initiated by Prime Minister Narendra Modi, this ambitious project grants every citizen the right to own a bank account and insurance coverage, fostering financial inclusion and contributing to overall economic development.

An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.

Life Insurance within Pradhan Mantri Jan Dhan Yojana

Under PMJDY, account holders can get Rs. 30,000 life insurance if they open their accounts by January 26, 2015, and have accidental coverage of at least Rs. 200,000.

Loan Benefits in Pradhan Mantri Jan Dhan Yojana

Account holders can access a loan of up to Rs. 5,000 six months after opening their account. While the amount may seem modest, it holds significant value for those below the poverty line, offering a glimmer of hope for investment in areas like farming and agriculture.

Mobile Banking in Pradhan Mantri Jan Dhan Yojana

PMJDY provides mobile banking facilities, allowing account holders to check balances and transfer funds even with basic cell phones, making financial services more accessible and affordable for the wider population. This initiative holds promise for both the Prime Minister and the economy at large.

PM Jan Dhan Yojana Eligibility

In order for individuals to open a PMJDY account, the below given criteria must be met:

  • You must be citizen of India
  • You should be at least 10 years of age
  • You should not have a bank account
  • Documents required to open PMJDY Account

The list of documents required for PMJDY account

Important documents list under the scheme are mentioned below:

  • Passport
  • Permanent Account Number (PAN) Card
  • Aadhaar
  • The National Rural Employment Guarantee Act (NREGA) issued job card.
  • Driving licence
  • Voter ID
  • Identity card with photo which has been issued by the central or state government departments, public sector undertakings, scheduled commercial banks, public financial institutions and statutory or regulatory authorities.
  • A photograph which has been attested along with a letter from a Gazetted officer must be submitted.

How to open a Jan Dhan Yojana Account?

To opan a Jan Dhan Yojana Account, acquire the application form available in both English and Hindi on the official PMJDY website ( Complete the form, known as the financial inclusion account opening form, and submit it along with the required documents. The form comprises three sections, where you provide personal details, nominee information, and specify the bank where the account is being opened.

Important Links

Official Website:
PMJDY Forms: English | Hindi