PRADHAN MANTRI YOJANAYE
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for VIDEO LECTURES OF ASHISH SIR (FOR ALL SCALES) — Bank Promotions.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is the primary objective of Pradhan Mantri Jan Dhan Yojana (PMJDY)?
PMJDY aims to ensure universal access to banking facilities by providing a basic savings bank account to every unbanked household in India, along with access to credit, insurance, and pension services.
What is the minimum balance requirement for accounts opened under PMJDY?
Zero balance; no minimum balance required.
What is the overdraft facility available under Pradhan Mantri Jan Dhan Yojana?
PMJDY account holders can avail an overdraft of up to Rs. 10,000 (enhanced from Rs. 5,000) after satisfactory operation of the account for six months, with no conditions for overdraft up to Rs. 2,000.
What is the maximum loan amount offered under Pradhan Mantri Mudra Yojana's Tarun category?
Up to Rs. 10 lakh under Tarun category.
What accidental insurance cover is provided under the RuPay card linked to PMJDY accounts?
RuPay cards issued under PMJDY provide accidental insurance cover of Rs. 2 lakh for accounts opened after August 28, 2018, while accounts opened before that date carry a cover of Rs. 1 lakh.
What is the loan range under the Shishu category of PMMY?
Loans up to Rs. 50,000 under Shishu.
What life insurance cover is provided under Pradhan Mantri Jan Dhan Yojana?
PMJDY provides life insurance cover of Rs. 30,000 to eligible beneficiaries who opened accounts between August 15, 2014 and January 26, 2015 and met specified conditions.
What is the loan range under the Kishor category of PMMY?
Loans from Rs. 50,001 to Rs. 5 lakh.
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