What are the benefits of pm Jan dhan yojana?
Pradhan Mantri Jan Dhan Yojana (PMJDY) in India has several benefits, including: 1. **Financial Inclusion:** PMJDY aims to bring the unbanked population into the formal banking system, providing them with access to financial services. 2. **Basic Banking Services:** It offers basic banking services like a savings account, deposit, withdrawal, and remittance facilities, promoting financial literacy. 3. **Accidental Insurance Coverage:** Account holders under PMJDY get accidental insurance coverage, providing financial support in case of unforeseen events. 4. **Overdraft Facility:** Eligible account holders can avail of an overdraft facility, providing a credit line for small expenses. 5. **Direct Benefit Transfer (DBT):** The scheme facilitates direct transfer of subsidies and benefits to the bank accounts of beneficiaries, reducing leakages and ensuring more targeted delivery. 6. **Promotion of Saving Habits:** Encourages people to save by offering interest on deposits...