Benefits under Pradhan Mantri Jan-Dhan Yojana - Budget & Economic Survey
Q. Benefits under Pradhan Mantri Jan-Dhan Yojana (PMJDY) are
1) RuPay Debit Card
2) Accident insurance cover of Rs1 lakh for all
3) Life insurance cover of Rs. 30,000 for all
4) Access to Pension, insurance products.
5) Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.- Published on 06 Aug 15a. 1, 2, 4 and 5
b. 1, 2, 3 and 5
c. 1, 2, 3 and 4
d. All of the Above
ANSWER: 1, 2, 4 and 5
The beneficiaries will receive a RuPay Debit Card having inbuilt accident insurance cover of Rs1 lakh. In addition, there is a life insurance cover of Rs. 30,000 to those who opened their bank accounts for the first time between 15 August 2014 and 26 January 2015 and meet other eligibility conditions of the Yojana. After satisfactory operation of the account for 6 months, an overdraft facility upto Rs. 5000 would be available in only one account per household, preferably lady of the household.
