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'Pradhan Mantri Jan Dhan Yojana' is run by :
1. Scheduled Commerical Banks
2. Department of Financial Services, Ministry of Finance
3. Ministry of Rural Development
4. Reserve Bank of India

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Correct Answer - Option 2 : Department of Financial Services, Ministry of Finance

The correct answer is Department of Financial Services, Ministry of Finance.

  • The Government initiated the National Mission for Financial Inclusion (NMFI), namely, Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014.
  • It provides universal banking services for every unbaked household, based on the guiding principles of banking the unbanked, securing the unsecured, funding the unfunded, and serving unserved and underserved areas.
  • Under the PMJDY scheme, some of the financial services that are offered to individuals are pension, insurance, and banking.
  • Under PMJDY zero balance account can be opened by individuals.
    • However, in case individuals would like to have access to the cheque facility, maintenance of a minimum balance is mandatory.


  • A digital pipeline has been laid for the implementation of PMJDY through linking of Jan-Dhan account with mobile and Aadhaar [Jan Dhan-Aadhaar-Mobile (JAM)].
  • Promotion of digital payments including RuPay debit card usage amongst PMJDY account holders through the creation of acceptance infrastructure across India can be taken into account.
  • Total RuPay cards issued to PMJDY account holders: 29.75 Crore.
  • It has an overdraft facility of Rs.5,000 is provided to one account in the household. The facility is usually provided to the lady in the house.

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