Jan Dhan Yojana — Prelims Strategy
Prelims Strategy
For Prelims preparation on PMJDY, focus on memorizing specific numbers and facts that UPSC frequently tests. Key statistics to remember: 46+ crore accounts, ₹1.96 lakh crore deposits, 99% Aadhaar seeding, 55.
6% women account holders, 67% rural accounts, ₹10,000 overdraft limit, ₹2 lakh accident insurance, 6-month waiting period for overdraft. Master the JAM trinity concept and its components. Understand the Business Correspondent model and its significance for rural banking.
Know the insurance schemes linked to PMJDY: PMJJBY (₹2 lakh life cover for ₹330), PMSBY (₹2 lakh accident cover for ₹12), and APY integration. Practice elimination techniques by understanding common traps: confusing overdraft availability timing, mixing up insurance amounts, confusing JAM components with other acronyms.
Focus on recent developments like PMJDY 2.0, COVID-19 response, and policy modifications. Create comparison charts with other financial inclusion schemes to avoid confusion. Pay attention to constitutional and legal framework questions linking PMJDY to Article 39(c) and banking regulations.