Awareness & Benefits of PMJDY: An Empirical Study of Yamuna Nagar District Administration of State of Haryana
Periodic Research (P: ISSN No. 2231-0045 RNI No. UPBIL/2012/55438 VOL.-7, ISSUE-1,
August-2018 E: ISSN No. 2349-9435)
Abstract
Assistant Professor, Deptt.of Public Administration, & HOD, Mass Communication & Media Technology, Guru Nanak Khalsa College, Yamuna Nagar, Haryana, India
Financial inclusion plays a big role in eradicating the poverty in the country. The process for achieving sustainable development and inclusive growth is primarily known as financial inclusion. To provide financial literacy and financial inclusion, the financial stability and development council under the ministry of finance, Government of India is committed and all the financial institutes like RBI, Scheduled commercial banks, financial sector regulators are directed to achieve thisobjective and the launch of PradhanMantri Jan DhanYojana (PMJDY) by Government of India is in that direction. This scheme is not confined to opening of bank account but has other advantages blended with it such as Zero Balance bank account with RuPay debit card, Accidental Insurance cover of Rs 1 lakh, Life Insurance cover of Rs 30,000, etc.
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