Pradhan Mantri Jan-Dhan Yojana (PMJDY)

• Pradhan Mantri Jan-Dhan Yojana (PMJDY)” under the National Mission for Financial Inclusion was launched initially for a period of 4 years (in two phases) on 28th August 2014.
• It envisages universal access to banking facilities with at least one basic banking account for every household, fi nancial literacy, access to credit, insurance and pension.
• PMJDY has provided a platform for the three social security schemes-
  • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
  • Pradhan Mantri Suraksha Bima Yojana (PMSBY)
  • Atal Pension Yojana (APY)
  • Pradhan Mantri Mudra Yojana (PMMY).

Atal Pension Yojana

• Atal Pension Yojana is a pension scheme mainly aimed at the unorganized sector such as maids, gardeners, delivery boys, etc.
• This scheme replaced the previous Swavalamban Yojana which wasn’t accepted well by the people.
• The goal of the scheme is to ensure that no Indian citizen has to worry about any illness, accidents or diseases in old age, giving a sense of security.
• Private sector employees or employees working with such an organization that does not provide them pension benefi t can also apply for the scheme.
• Ministry: Ministry of Finance.

Pradhan Mantri Mudra Yojana (PMMY)

• PMMY or Pradhan Mantri Mudra Yojana scheme was launched by the Narendra Modi government in the year 2015 to facilitate micro-credit to small scale industries upto Rs. 10 Lakh.
• Under this scheme, the MUDRA, a subsidiary of SIDBI, provides financial support to intermediaries such as Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs for lending loans to the non-corporate, non-farm small/micro-enterprises.