PMJDY, PMSBY, PMJJBY, APY, and the wider set of government schemes that channel banking services to underserved populations.
Financial Inclusion means ensuring affordable access to banking, credit, insurance, and pension services for all sections of society, especially those historically excluded. India's flagship schemes in this space are regularly tested in Banking Awareness.
| Scheme | Purpose | Key Feature |
|---|---|---|
| PMJDY (Pradhan Mantri Jan Dhan Yojana) | Universal banking access | Zero-balance savings account, RuPay debit card, accident insurance cover, overdraft facility |
| PMSBY (Pradhan Mantri Suraksha Bima Yojana) | Accident insurance | ₹2 lakh accidental death/full disability cover; ₹20/year premium (age 18-70) |
| PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) | Life insurance | ₹2 lakh life cover (any cause); annual premium around ₹436 (age 18-50) |
| APY (Atal Pension Yojana) | Old-age pension | Guaranteed monthly pension (₹1,000-₹5,000) after age 60, for the unorganised sector |
| Stand-Up India | Entrepreneurship support | Bank loans (₹10 lakh-₹1 crore) for SC/ST and women entrepreneurs setting up greenfield enterprises |
| PM Mudra Yojana (PMMY) | Micro-enterprise credit | Collateral-free loans up to ₹20 lakh (via Shishu, Kishor, Tarun, and Tarun Plus categories) for small businesses |
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