Pradhan Mantri Jan Dhan Yojana Current Affairs, GK & News

Pradhan Mantri Jan Dhan Yojana or PMJDY is a financial inclusion initiative of the Central Government aimed at providing affordable access to financial services like bank accounts, credit, insurance etc. Accounts opened under this scheme are Basic Savings Bank Deposit (BSBD) accounts. So far, a total of 41.75 crore accounts have been opened. Of these, 35.96 crore are operational. Majority of these accounts were opened in the public sector banks.

Basic Savings Account can be opened in Post Offices

The Ministry of Finance recently notified changes in Post Office Savings Account Scheme, 2019. The ministry notified that a beneficiary of Government welfare scheme can open a basic savings bank account with any post office in the country. What are the changes introduced? The accounts can be opened in an India Post Payment Bank or ..

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India-World Bank project to protect Indian poor

A project worth $400 million was signed between the Indian Government and the World Bank to protect India’s poor and vulnerable population affected by the adverse economic crisis caused by the pandemic. The credit is from the International Development Association of the World Bank. About the loan The 400 million USD will help in accelerating ..

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Pradhan Mantri Garib Kalyan Yojana extended

On June 30, 2020, PM Modi extended the free distribution of food grains scheme under Pradhan Mantri Garib Kalyan Yojana till November 2020. Highlights The estimated cost of extension of the programme is Rs 90,000 crores. The extension will provide free food grains to 80 crore people. Free Food Grain Distribution Under Pradhan Mantri Garib ..

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India-World Bank: Social Protection Response Programme

The World Bank and Government of India have signed agreement of 750 million USD recently. The World Bank has assured 1 billion USD assistance to accelerate India’s COVID-19 Social Protection Response Programme. It aims to protect vulnerable households that are impacted due to COVID-19 pandemic. Highlights The Social Protection Response Programme is to be implemented ..

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Pradhan Mantri Ujjawala Yojana completes 4 years of success

The Pradhan Mantri Ujjawala Yojana was launched in May 2016. The scheme has successfully completed four years of its implementation. Highlights The scheme has so far helped more than 8 crore families. Around Rs 8,432 crores have been transferred through Direct Benefit Transfer (DBT) under the scheme. In order to mark the success, on May ..

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