JAM (Jan Dhan-Aadhaar-Mobile)
·
JAM (short for Jan
Dhan-Aadhaar-Mobile) trinity is the initiative by GOI to link Jan Dhan
accounts, Mobile numbers and Aadhar cards of Indians to directly transfer
subsidies to intended beneficiaries and eliminate intermediaries and leakages.
·
The JAM trinity was first
proposed in the Economic Survey 2014-15 to ensure that the subsidies reach only
to those who actually need them.
·
Objective of JAM is financial
Inclusion.
Financial inclusion is defined as the availability and equality of
opportunities to access financial services.
It refers to a process by which individuals and businesses can access
appropriate, affordable, and timely financial products and services.
These include banking, loan, equity, and insurance products.
Various government schemes under JAM
1.
Pratyaksh Hanstantarit Labh (PAHAL) Yojna
·
Under PAHAL Yojna, LPG subsidies
are directly deposited into the bank accounts.
·
PAHAL Yojana, recently entered
the Guinness Book of World Records for being the world’s largest direct cash
transfer scheme.
2.Pradhan
Mantri Suraksha Bima Yojna
·
Under this scheme, accident
insurance worth Rs. 2 Lakh is being provided.
·
The premium is just Rs.12 p.a.
for each member that means even the poorest of poor Indian can afford it.
3.Pradhan
Mantri Jivan Jyoti Bima Yojna
·
This scheme provides life
insurance at just Rs. 330 per year payable to the family of the member in case
of his death due to any reason.
·
Almost 3 crore people have
joined Pradhan Mantri Jivan Jyoti Bima Yojana.
4.Atal
Pension Yojana
·
Being a guaranteed pension
scheme, it provides a pension of upto Rs. 5000 a month depending on the
contribution.
·
Around 15.85 lakh people have
registered for the Atal Pension Yojana.
Also ,
·
Study Daily Current Affairs Analysis
·
Don’t Miss any topic of Syllabus ,
click here to read syllabus of Indian Economy
Under the Guidance of Prof.
Sunny Kapoor Sir ,
Bright Career Maker IAS (Best IAS Coaching)
Comments on “JAM ,Jan Dhan-Aadhaar-Mobile for UPSC CSE IAS EXAM”