Mission Director reviews implementation of PMJDY scheme
SRINAGAR, JULY 24: Mission Director, Pradhan Mantri Jan Dhan Yojana, P.K. Bhat convened a meeting to review the implementation of PMJDY scheme here today.
The meeting was attended by representative SLBC convener bank, representatives from Public Sector Banks, Private Sector Banks Cooperative and Regional Rural Banks and various Insurance Companies.
On the occasion, Mission Director stated that the PMJDY aims at providing financial access to the underprivileged and weaker sections of society that have so far remained financially excluded.
The meeting was held to analyse the progress made by various banks and insurance companies with respect to the targets assigned to them under PMJDY and also the issuance of Ru-pay Debit Cards and overdraft facilities extended to the eligible account holders.
During the course of discussion, Mission Director reiterated that PMJDY brings about the objective of financial inclusion for all by providing basic banking accounts with a debit card with inbuilt accident insurance.
The main features of PMJDY include Rs. 10,000 overdraft facility for Aadhar-linked accounts and a RuPay debit card with inbuilt Rs. 2 lakh accident insurance cover. In addition a Life Insurance cover of Rupees 30,000 is available to the eligible beneficiaries.
Sunil Gupta representative SLBC convener bank gave the brief introductory overview of the Schemes along with the extent of coverage and the targets to be achieved under the scheme in a time-bound manner. Progress under Pradhan Mantri Jan Dhan Yojana (PMJDY) and Social Security Schemes viz. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana was reviewed up to 30.06.2019 by the chair.
Mission Director emphasized that all the stakeholders must put in concerted efforts to accomplish the targets within the stipulated time.