✅It was launched by PM Modi in August 2014.

✅Benefits under PMJDYOne basic savings bank account is opened for unbanked people.

✅Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018) is available with RuPay card issued to the PMJDY account holders.

✅An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.

✅PMJDY accounts are eligible for

🔸Direct Benefit Transfer (DBT),

🔸Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY),

🔸Pradhan Mantri Suraksha Bima Yojana (PMSBY),

🔸Atal Pension Yojana (APY),

🔸Micro Units Development &

🔸Refinance Agency Bank (MUDRA) scheme.