The total enrollment under PMSBY is 47.59 crore, and the total number of claims received is 1,93,964, while the total number of claims paid is 1,47,641, the finance ministry added in a social media post on X. is PMSBY. A one-year accident insurance scheme, renewable from year to year, offers coverage for death or disability due to an accident.
Individuals aged 18-70 years who have an individual bank or post office account are eligible to enroll under the scheme. Accidental death and disability cover of Rs.2 lakh (Rs.1 lakh in case of partial disability) for death or disability due to accident with a premium of Rs.20 per annum.
Pradhan Mantri Jan Dhan Yojana (PMJDY) has become a cornerstone of financial inclusion with over 54 crore beneficiaries, empowering unbanked citizens across the country, the ministry added. Pradhan Mantri Jan Dhan Yojana (PMJDY), which was launched by Prime Minister Shri Narendra Modi on 28 August 2014, August this year completes a decade of successful implementation.
PMJDY is the world’s largest financial inclusion initiative, through which the Ministry of Finance continuously strives to support the marginalized and economically disadvantaged sections through its financial inclusion interventions. ; According to official data, 55.6 percent (29.56 crore) of Jan Dhan account holders are women, and 66.6 percent (35.37 crore) of Jan Dhan accounts are in rural and semi-urban areas.
The total deposit balance under PMJDY accounts is Rs 2,31,236 crore. Deposits have increased nearly 15 times with a 3.6 times increase in accounts till August 15, 2024, the ministry added.
Account holders can now show savings patterns, which qualifies them for loans from banks and financial institutions. The closest proxy is sanctions under Mudra loans, which grew at a compound annual rate of 9.8 percent over the five years from fiscal 2019 to fiscal 2024, according to the finance ministry.