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Who initiated the Pradhan Mantri Jan Dhan Yojana (PMJDY)?

Who initiated the Pradhan Mantri Jan Dhan Yojana (PMJDY)? Correct Answer Narendra Modi

The correct answer is Narendra Modi.

Important Points

  • Pradhan Mantri Jan Dhan Yojana was announced by PM Narendra Modi on 15 August 2014 from the ramparts of the Red Fort and was launched on 28 August 2014.

Additional Information

  • Pradhan Mantri Jan-Dhan Yojana
    • Date of launch 28th August 2014
    • Government Ministry Ministry of Finance
    • The scheme covers both the urban as well as rural areas and provides an indigenous Debit Card (RuPay card) to each of its account holders.
    • No minimum balance is required for opening an account under this scheme.
    • The beneficiary can open his/her account in any bank branch or Business Correspondent outlet at zero balance.
    • It ensures to provide on Core Banking System (CBS) along with mobile banking using USSD facilities.
    • A facility of call centre and a toll-free number is available nationwide.
    • Pradhan Mantri Jan Dhan Yojana provides each beneficiary with basic banking accounts with a debit card with inbuilt accident insurance.
    • Rs. 5,000 overdraft facility for Aadhar-linked accounts as well as a RuPay debit card with inbuilt Rs. 1 lakh accident insurance cover is one of the main features provided by this scheme.
    • For accounts that are opened between 15th August 2014 and 26th January 2015, a Life Insurance cover of Rupees 30,000 is provided to the eligible beneficiaries. Also after remaining active for 6 months, the beneficiary will be eligible for an overdraft of up to Rs 5,000.

Related Questions

Which of the following schemes are covered under Jan Suraksha Yojana? A. Pradhan Mantri Jan Dhan Yojana B. Pradhan Mantri Suraksha Bima Yojana C. Pradhan Mantri Jeevan Jyoti Bima Yojana D. Atal Pension Yojana Choose the correct answer:
Consider the following statements: 1. Pradhan Mantri Fasal Bima Yojana - 'Per Drop More Crop'. 2. Pradhan Mantri Krishi Sinchayi Yojana - Providing insurance cover to crops. 3. Pradhan Mantri Gram Sadak Yojana - All-Weather Road connectivity to unconnected villages. 4. Pradhan Mantri MUDRA Yojana - Aims to provide formal access of financial facilities to non-corporates, small businesses. Which of the statements given below is/are correct? 
Consider the following statements related to the Pradhan Mantri Jeevan Jyoti Bima Yojana. 1. The age limit for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is minimum of 18 years and maximum of 60 years. 2. The annual premium for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is Rs 550. The premium could vary depending on the prevailing tax rates, age and location. 3. This scheme is implemented under the Ministry of Finance. Which of the above statement is/are correct?
By February 2021, a total of how many accounts (in crores) have been opened so far under Pradhan Mantri Jan Dhan Yojana (PMJDY)?
Central government's flagship financial inclusion programme Pradhan Mantri Jan Dhan Yojana (PMJDY) has completed how many years in August 2020?
Pradhan Mantri Jan Dhan Yojana (PMJDY) for financial inclusion was launched on which date ?
Consider the following statements related to Pradhan Mantri Jan Dhan Yojna (PMJDY). 1. A person not having Aadhar may also open an account if he just has a PAN Card 2. Overdraft facility of Rs. 5000 is available for 1 account per household. Which of the following is/are correct?
Which of the following is/are social security scheme(s) ? 1.Atal Pension Yojana 2. Pradhan Mantri Jeevan Jyoti Bima Yojana 3. Pradhan Mantri Suraksha Bima Yojana Select the correct answer using the code given below :
With reference to the Pradhan Mantri Awas Yojana (URBAN), consider the following statements. 1. It is launched by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA) in Mission mode. 2. Pradhan Mantri Awas Yojana (Urban) Mission has completed its 7th anniversary this year on 25th June. 3. This scheme intends to provide housing for all in urban areas by the year 2025. Which of the statements given above is/are correct?
The government will sanction the entire 1.12 crore houses under the Pradhan Mantri Awas Yojana (PMAY) by March 2020. In which year  was the Pradhan Mantri Awas Yojana (Urban) Mission launched?