by AIP Online Bureau | Aug 27, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy
“Our target is to open more than 3 crore PMJDY accounts during the current financial year. The average bank balance per account in March 2015 was Rs 1,065, which has now increased to Rs 4,352. Around 80 per cent of the accounts are active, As many as 66.6 per...
by AIP Online Bureau | Aug 27, 2024 | Articles, Banking & Bancassurance, Eco/Invest/Demography, Life, Non-Life, Policy, Technology
PMJDY, the world’s largest successful mission has already crossed the 53 crore beneficiaries mark Through PMJDY, one can avail benefits of multiple schemes via Direct Benefit Transfer (DBT). They include Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri...
by AIP Online Bureau | Dec 19, 2023 | Data, Eco/Invest/Demography, Life, Non-Life, Risk Management
More than 41 crore beneficiaries have benefited from accident insurance worth Rs 2 lakh under Pradhan Mantri Suraksha Bima Yojana New Delhi: Pradhan Mantri Jan Dhan Yojana (PMJDY) remains the driving factor behind the empowerment of countless unbanked citizens with...
by AIP Online Bureau | Dec 7, 2021 | Banking & Bancassurance, Data, Eco/Invest/Demography
There are as many as 43.90 crore beneficiaries of the PMJDY account holders in the country as of November 17, 2021, Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha. Of these, as many as 24.42 crore are female beneficiaries as...
by AIP Online Bureau | Nov 14, 2021 | Data, Eco/Invest/Demography, Policy
In 2018, the government launched PMJDY 2.0 with enhanced features and benefits. Under the new version, the government decided to shift focus from ‘Every Household’ to ‘Every Unbanked Adult’ and free accidental insurance cover on RuPay cards was doubled to Rs 2 lakh...
