Jam trinity final
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JAM Trinity refers to Jan Dhan Yojana (PMJDY), Aadhaar, and mobile numbers. PMJDY is a national program to ensure access to financial services through bank accounts. It has over 125 million accounts with no minimum balance requirements and offers life insurance. Aadhaar provides a unique identity number to residents and has issued over 890 million numbers to link services like LPG subsidies, pensions, and bank accounts. With over 904 million mobile phones in India, the JAM Trinity aims to use Aadhaar, bank accounts, and mobile numbers to enable direct benefit transfers and financial inclusion through biometric identification of citizens.
Jam trinity final
- 1. JAM Trinity: Jan Dhan Yojana, Aadhaar and Mobile number
- 2. Indian’s finance buzzword - found place in two important documents recently: - The Economic Survey 2014-15 - Union Budget 2015-16 - According to the Economic Survey of 2014, there are about: - 125.5 million Jan Dhan bank accounts - 890 million Aadhaar numbers, and - 904 million mobile phones Facts - JAM
- 5. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner Jan-Dhan Yojana
- 7. No Minimum Balance Interest on deposit RuPay Debit Card Life insurance cover of Rs. 30,000 Amount collected Rs 380.47 billion Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts Features of Jan Dhan Bank accounts
- 8. Launched in January 2009 Unique Identification number Aadhaar Card serves as an Address Proof and an identity proof 76.83 crore Aadhaar numbers generated,out of a total population of 121.01 crore (Census 2011),February 15,2016 Rs 6678.32 crore has been spent until august 2015 on the project Aadhaar
- 9. In Aadhaar uniqueness is determined through the biometric Any resident of India including infants can enrol for Aadhaar No fees charged at any stage under this scheme Aadhaar number remains valid for life Aadhaar number helps providing access to services like banking, mobile phone connections and other Govt and Non-Govt services in due course The Unique Identification Authority of India (UIDAI) is the regulatory body on the behalf of government Features of Aadhaar
- 10. LPG Subsidy Passport Buying new vehicle and Driving License Bank Account Voter Card Linking Monthly Pension New SIM Card Digital Locker Usage of Aadhar card
- 11. 904 million mobile phones Direct Transfer of Funds Cut out all the intermediaries Biometric identification of citizens with accuracy Advantages of JAM
- 12. No Bank Ac Lack of access Points Financial illiteracy lack of awareness Poor penetration Challenges Amit Walawalkar
- 13. Amit Walawalkar