16th July 2025 (13 Topics)
Nationwide Financial Inclusion Saturation Campaign
Context:
The Department of Financial Services launched a three-month Financial Inclusion Saturation Campaign from 1st July 2025 to ensure universal coverage of PMJDY, PMJJBY, PMSBY, and APY across Gram Panchayats and ULBs, with over 43,000 camps held in the first two weeks.
Pradhan Mantri Jan DhanYojana (PMJDY)
- Launched: 28 August 2014
- Objective: Universal access to banking facilities with at least one basic banking account per household
- Key Features:
- Zero-balance savings account
- RuPay debit card
- Overdraft facility up to ?10,000
- Accidental insurance cover (?2 lakh)
- Direct Benefit Transfer (DBT) channel
- 2025 Campaign Performance:
- 1,39,291 new accounts opened
- 96,383 inactive accounts re-verified
- Nomination details updated in over 66,000 accounts
Jan Suraksha Schemes: PMJJBY, PMSBY, and APY
- Pradhan MantriJeevanJyotiBimaYojana (PMJJBY)
- Life insurance of ?2 lakh
- Premium: ?436/year
- Enrollments during campaign: 1,83,225
- Pradhan Mantri Suraksha BimaYojana (PMSBY)
- Accidental insurance of ?2 lakh
- Premium: ?20/year
- Enrollments during campaign: 2,88,714
- Atal Pension Yojana (APY)
- Pension scheme for workers in the unorganised sector
- Guaranteed pension (?1,000 to ?5,000 per month)
- Enrollments during campaign: 67,668
Additional Campaign Outcomes
- Financial literacy sessions conducted on:
- Digital fraud awareness
- Access to unclaimed deposits
- Grievance redressal mechanisms
- Claims Settled: 1,665 under PMJJBY and PMSBY
- Coverage Goal: 2.7 lakh Gram Panchayats and ULBs across India by 30th September 2025
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Practice Question:
1. To provide a comprehensive financial inclusion program to cover all households in the country with banking facilities. 2. To provide pension to the elderly people who are above 60 years of age. 3. To provide insurance cover to the people who are not covered under any insurance scheme. Select the correct answer using the code given below: (a) 1 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3 |
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