Thursday, September 23, 2021

Pradhan Mantri Jan Dhaan Yojana

Know More About Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Jan Dhan Yojana is that the National Mission for Financial Inclusion in India and whose objective is to produce banking facilities for any or all the families across the country and to open a checking account of each family. 

The scheme was announced on 15 August 2014 and was launched by the Indian Prime Minister Shri Narendra Modi on 28 August 2014. Before the formal launch of the project, the Prime Minister sent an e-mail to all or any of the banks within which he declared 'Bank Account for each Family' as a 'National Priority and quite seven crore families should be admitted and their account under the scheme. All the banks were asked to modify to open. 1.5 crore bank accounts were opened on the day of the inauguration of the scheme.

Phase I (15 August 2014 to 14 August 2015):-

1. Ensuring everyone's access to banking facilities.

Providing basic checking account with overdraft facility of Rs 5000 after 6 months and Rupee revolving credit and Rupee Kisan Card facility with built-in accident insurance cover of Rs 1 lakh.

Financial Literacy Program | Phase II (15 August 2015 to fifteen August 2018):-

Establishment of Credit Guarantee Fund to hide defaults in overdraft accounts.


Unorganized sector insurance scheme like Swavalamban.

Apart from this, families living in hilly, tribal, and inaccessible areas are included during this phase. Not only this, but the main target also will get on the remaining adult members of the family and also the students during this phase.

Documents required to open an account under Pradhan Mantri Jan-Dhan Yojana:-

If Aadhar Card / Aadhar Number is obtainable then no other documents are required. If the address has changed, self-attestation of this address is sufficient.

If the Aadhaar card isn't available, any of the subsequent officially valid documents (OVD) are required: Voter ID, driver's license, PAN Card, Passport, and NREGA Card. If these documents also include your address, it can function as both a signal of identity and address?

If an individual doesn't have any of the officially valid documents mentioned above, but it's classified as low risk by banks, he can open a checking account by submitting any one of the subsequent documents:

Identity Card with photograph of the applicant issued by Central/authorities Departments, Statutory/administrative body, Public Sector Undertakings, Scheduled Commercial Banks and Public Financial Institutions; Letter issued by a Gazette Officer, with a duly attested photograph of the person.

Special benefits under Pradhan Mantri Jan-Dhan Yojana-

1. Interest on deposit

2. Accident insurance cover of lakhs

3. No minimum balance is required.

4. Life insurance cover of Rs.30,000/-.

5. Easy money transfer across India.

6. Beneficiaries of state schemes will get direct benefit transfers in these accounts.

7. After 6 months of satisfactory operation of the account, an overdraft facility is going to be allowed.

8. Accident insurance cover, Rupay charge account credit must be used a minimum of once in 45 days.

9. 5000/- is accessible only in one account per household, preferably the feminine of the household.

Objectives of Pradhan Mantri Jan-Dhan Yojana (PMJDY):-

Providing banking facilities through bank branches, mobile van, BC model, etc. and opening of rural people accounts in 3.24 lakh villages out of 5.92 lakh villages of India.

To open a minimum of one checking account from each family.

Opening of accounts altogether banks to hide all the families of the country. it's noteworthy that 6 crores rural and 1.5 crore urban households in India don't have a checking account.

Providing RuPay ATM card to each account holder.

To provide accident insurance good thing about up to Rs.1 lakh to the beneficiary through RuPay ATM card.

To provide financial literacy to the purchasers during account opening.

To provide overdraft facility up to Rs.5000 to them after 6 months of satisfactory operation of the account.

To provide microinsurance products and micro pensions to the shoppers.

Benefits of Pradhan Mantri Jan-Dhan Yojana (PMJDY):-

The amount received by the subscriber from government schemes like MNREGA, social insurance Scheme, Social Pension Scheme, etc. are deposited directly in his account and corruption is going to be stopped.

With the accounts having the advantage of insurance, the purchasers will get protection. Low-cost deposits in banks will increase.

ATM, mobile and internet banking, credit/debit cards, etc. will increase the trend and therefore the country will move towards development.

Account may be opened with zero balance.

Each account holder will get an overdraft facility up to Rs.5000.

Thursday, July 29, 2021

Now 27 percent reserve for OBC and 10 percent reserve for students in medical section

27 percent reserve for OBC and 10 percent reserve for students 

Of the economically weaker section in medical admission, the government approved

The central government has approved the reserve for the OBC and students of the economically weaker sections in admission to medical schools. Now, in the admission of graduate medicine courses, that is, MBBS, BDS and postgraduate, at the diploma level, a 27 percent reserve will be given to students of Other Delayed Classes, that is, OBC (Other Delayed Classes ), while a 10 percent reserve will be given to students from economically weaker sections. The current decision will be applicable from the current academic session 2021-22 under the All India Reserve Plan.

Explain that the demand for OBC reservation in the All India quota seats for medical admission was long ago. Anupriya Patel and other OBC MPs and ministers led by Union Minister of Labor and Environment Bhupendra Yadav, Union Minister of Steel RCP Singh, met Prime Minister Narendra Modi on the issue on Wednesday. These Union ministers had drawn the government's attention to the discrepancy in the reservation.

Previously, no reservations were being given to CBOs on the All India quota related to admission to medical colleges. In this All India quota related to admission to medical colleges, only reservations were being given to SC-ST. On this issue, the OBC parliamentarians raised the demand for change.

Under the leadership of BJP MP Ganesh Singh, OBC MPs had demanded a reservation on the All India quota related to medical admission. The CBO MPs had asked Prime Minister Modi that the reservation system for CBOs and EWSs (Economically Weakest Sections) set out in the Constitution be also implemented in the all-India quota related to medical admission.

Prime Minister Modi has called this move a reform related to social justice. He tweeted that our government has made a historic decision to provide a 27 percent reserve for OBC and a 10 percent reserve for the economically weaker sections in the All India Quota Scheme in postgraduate medical or dental courses and graduate of the current academic session. This decision will mark a new paradigm of social justice in our country.

When giving information about this decision, the Union Ministry of Health said that it will benefit about 5,550 students. The central government undertakes to provide adequate reserve for students from the OBC and from the economically weaker sections. This decision is believed to benefit approximately 1,500 MBBS OBC students and approximately 2,500 OBC graduate students each year. Similarly, around 550 students from economically weaker sections at MBBS and around 1000 graduate students will benefit.

In an official statement issued by the Union Health Ministry, PM Narendra Modi, in a meeting on Monday, was said to have ordered the central ministries concerned to effectively resolve this long-pending issue. . Following this decision, OBC students across the country will now be able to get the benefit of this booking under the All India Booking Scheme in any state. After the decision of the central government, the central list related to OBC will be used for this reservation.

Pradhan Mantri Jan Dhaan Yojana

Know More About  Pradhan Mantri Jan Dhan Yojana Pradhan Mantri Jan Dhan Yojana is that the National Mission for Financial Inclusion in India...