Government Financial Schemes and Awareness (सरकारी वित्तीय योजनाएं)
To bring hundreds of millions of unbanked citizens into the formal financial mainstream, the Government of India launched the National Mission for Financial Inclusion (वित्तीय समावेशन).
In the NIELIT CCC exam, questions testing PMJDY, PMSBY, PMJJBY, and APY appear consistently!
1. Pradhan Mantri Jan Dhan Yojana (PMJDY - जन धन योजना)
Launched on 28 August 2014 by Prime Minister Narendra Modi with the slogan: "Mera Khata, Bhagya Vidhata" (मेरा खाता, भाग्य विधाता).
Core Features of PMJDY:
1
Zero Balance Account: No minimum balance required to maintain the account (शून्य बैलेंस खाता).
2
Free RuPay Debit Card: Comes with built-in Accidental Insurance Cover of ₹2,00,000 (for accounts opened after 28.08.2018; ₹1 Lakh for older accounts).
3
Overdraft Facility (OD): Eligible account holders can avail an overdraft credit limit up to ₹10,000 (subject to conditions).
4
Direct Benefit Transfer (DBT): Government subsidies (LPG subsidy, PM-Kisan Samman Nidhi, student scholarships) are deposited directly into the beneficiary's Jan Dhan bank account.
An ultra-affordable Accidental Death & Disability Insurance Scheme.
Eligible Age Group:18 to 70 Years.
Annual Premium (सालाना प्रीमियम): Only ₹20 per year (revised from ₹12/year). Deducted automatically via auto-debit from your savings account once a year.
Insurance Coverage:
Accidental Death or Permanent Total Disability: ₹2,00,000 (2 Lakhs).
Permanent Partial Disability (loss of one eye/limb): ₹1,00,000 (1 Lakh).
A government-backed Term Life Insurance Scheme covering death due to ANY cause (accidental or natural/illness).
Eligible Age Group:18 to 50 Years (risk cover continues up to age 55).
Annual Premium:₹436 per year (revised from ₹330/year). Auto-debited annually.
Life Insurance Sum Assured:₹2,00,000 (2 Lakhs) paid to the nominee upon the death of the insured person.
4. Atal Pension Yojana (APY - अटल पेंशन योजना)
A guaranteed pension scheme launched in 2015 focused on workers in the unorganized sector (daily wage laborers, farmers, domestic helpers, shop assistants).
Administered by PFRDA (Pension Fund Regulatory and Development Authority).
Eligible Age of Entry:18 to 40 Years.
Pension Benefit: Subscribers receive a guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 per month after reaching the age of 60 years, depending on their monthly contribution during youth.
Interactive Quiz• Knowledge Check
Multiple Choice Questions
Question 1
What is the eligible age entry criteria for the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
Question 2
What is the current annual premium for the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
Question 3
What is the maximum guaranteed monthly pension amount available under the Atal Pension Yojana (APY) after attaining 60 years of age?
Question 4
What is the current annual premium for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?
Question 5
What slogan was associated with the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
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