PMJDY Essay For Students & Children In Simple English


The Pradhan Mantri Jan Dhan Yojana was launched by the Prime Minister Mr. Narendra Modi on the date of 28 August in the year of 2014 where Narendra Modi celebrates its first anniversary.

The Pradhan Mantri Jan Dhan Yojana was the greatest inclusion in the financial initiative which played a huge role in the development of a country and also supported digital India.

Who is and honorable Prime Minister of India and has received great success in making India better and developing various true ways by removing all the black money and also developing areas and structure and various public system so that everyone can enjoy them.

Pradhan Mantri Jan Dhan Yojana was launched so that everyone can have SMS to various financial services like having and bank account and doing the reflection in the bank like depositing the money in removing the money and various insurance and pensions which were affordable to the general people before who cannot afford to have a bank account.

Under the Pradhan Mantri Jan-Dhan, Yojana and bank account can be opened by showing valid document like a valid passport or driving license or PAN card also known as the permanent account number.


There were benefits for the people under the Pradhan Mantri Jan Dhan Yojana which provided huge benefits to the people. There was a good intraday bulb on a deposit, and also there was an accidental insurance cover of Rs 1 lakh.

There was also a minimum balance account, but under Pradhan Mantri Jan-Dhan Yojana there was no minimum account balance required.

The scheme also provided life cover worth rupees 30000 to be payable on the death of the account holder show that the fulfillment of the family can be done.

There was also the easy transfer of money available India from which the person can transfer money from any Court of India to the person living on any other part of India.

It also provided access to the pension and also to the insurance policies which had a great advantage to the older people who have matured the policies and have got retired from their work which day can get the pension in every month.

There was also and overdraft facility available up to 5000 people which are only available for one account and house, but it is most preferably given to the leading in the house.


The Pradhan Mantri Jan Dhan Yojana has great importance in the life of people living in India and also played a vital role in the development of the nation.

When everyone has a bank account, they can save the money in the bank account rather than keeping at their home because the money kept at home gets used easily and the money kept in a bank is not used rapidly which is a very good thing for the people of India.

It has played, and vital role in the development of the country has everyone has access to a bank account in which they can save their money withdraw money from the bank account and also they can transfer the money to another account in a short time which also saves that time and money of traveling.

If you have any other Questions related to Essay PMJDY, you may ask your Queries by commenting below.

Updated: December 27, 2018 — 11:00 am

Leave a Reply

Your email address will not be published. Required fields are marked *