Question 1

Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on which date?

Accepted Answer

August 28, 2014. Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014 by Prime Minister Narendra Modi with the goal of ensuring financial inclusion for every household in India. The scheme provides basic banking services including zero-balance savings accounts, RuPay debit cards, and access to financial products. PMJDY is the world's largest financial inclusion initiative and has opened over 50 crore accounts since launch.

Question 2

What is the overdraft facility available under PMJDY accounts?

Accepted Answer

₹5,000 for active accounts (revised). PMJDY account holders are eligible for an overdraft facility of ₹10,000 (revised from ₹5,000) for accounts that are operationally active with satisfactory transactions. Initially, an overdraft of ₹2,000 was available to all PMJDY account holders. The overdraft facility was increased to ₹10,000 to provide emergency credit access to poor households. Female account holders get preference for overdraft facility.

Question 3

What accidental insurance cover is provided with PMJDY RuPay card?

Accepted Answer

₹2 lakh. PMJDY RuPay Debit Card provides accidental insurance cover of ₹2 lakh (revised from ₹1 lakh) for new accounts opened after August 28, 2018 in case of accidental death or permanent disability. For accounts opened before August 28, 2018, the accidental cover was ₹1 lakh. This insurance is available without any premium payment by the account holder.

Question 4

Pradhan Mantri Mudra Yojana (PMMY) was launched in which year?

Accepted Answer

2015. Pradhan Mantri Mudra Yojana (PMMY) was launched on April 8, 2015 to provide loans to micro and small enterprises. MUDRA stands for Micro Units Development and Refinance Agency. The scheme provides collateral-free loans through banks, MFIs, and NBFCs. PMMY has three loan categories: Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh).

Question 5

Under PMMY (MUDRA), which category covers loans from ₹50,001 to ₹5 lakh?

Accepted Answer

Kishore. Under Pradhan Mantri Mudra Yojana, the Kishore category covers loans ranging from ₹50,001 to ₹5 lakh for micro enterprises that have already established their business and need additional funding. Shishu covers up to ₹50,000, Kishore covers ₹50,001 to ₹5 lakh, and Tarun covers ₹5 lakh to ₹10 lakh. A new category 'Tarun Plus' was added for loans up to ₹20 lakh for established borrowers.

Financial Inclusion — Set 1