About Jan Nivesh Abhiyaan (JNA)

CFA Society India and NSDL jointly bring financial literacy and awareness to communities in Maharashtra, Gujarat, Rajasthan and Madhya Pradesh.

Our Mission:

The Research & Advocacy committee of CFA Society India has embarked on an ambitious outreach program as part of the CFA Institute’s mission to be of “ultimate benefit to society.” As part of this endeavor, CFA Society India is flagging off a cycle tour with 15 volunteer cyclists including women, simultaneously from Mumbai, the financial capital and Delhi, the political capital, in an effort to spread financial awareness amongst the general populace.

The distance from Mumbai and Delhi to Indore is roughly 1300 Km covering an expanse of the country’s North West corridor; includes 22 halts and over 50 pit stops across the states of Maharashtra, Gujarat, Rajasthan, Haryana and Madhya Pradesh.

At each stopover the CFA Society India will hold community awareness sessions about the various policies that promote thrift as well as educate them on the various measures that the regulators and policy makers have undertaken to create a healthy eco-system for individual savings and investments.

One of the key reasons for embarking on this mission is the growing realization that despite the rise in GDP and the high individual savings rate the level of financial literacy in India is amongst the lowest in the world. Hence our efforts to reach out to this largely under-serviced segment of people complements the efforts of other institutions in the financial services industry.

10 Point Plan For Financial Well Being >

Government Schemes

1). Pradhan Mantri Jan Dhan Yojana (Hindi available; all schemes description Who: 10 years and above, citizen, who does not have a bank account What: Bank account with benefits, Rs 1 lac accident insurance, Direct Benefit Transfer, RuPay Vendor: Public sector banks, most private sector banks too Document: Aadhar card (PAN, Address proof, voter id will do)
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2). Pradhan Mantri Jeevan Jyoti Bima Yojana Who: 18-50 years What: Life cover of Rs 2 lac in case of death of insured Premium: Rs 330 per year Vendor: LIC and General insurance companies or public sector insurance companies Document: Savings bank account, bank needs to make form available
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3). Pradhan Mantri Suraksha Bima Yojana Who: 18-70 years What: 2 lac Rs accidental death and full disability; 1 lac Rs for partial disability Premium: Rs 12 per year Vendor: General insurance companies or public sector insurance companies Document: Aadhar card
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4). Sukanya Samruddhi Yojana Who: Parent or legal guardian of girl child less than 10 years of age. Beneficiary is the girl child. What: Upto 1.5 lac Rs can be deposited in one year. Interest rate set annually. Current interest rate 8.4%. Payoff: after 21 years of lock-in. Procedure: PSU and private banks offer the scheme. Post offices seem to have the forms.

5). Postal savings schemes Who: Those with a postal savings account What: Highest highly secured interest on deposits, currently, 6.9% annual; national savings schemes: 7.9%. Payoff: After maturity Vendor: Post office Procedure: Have a regular postal account

6). Senior citizen postal savings scheme Who: Senior citizens (60 years and above) What: 5 years savings, interest rate: 8.6% Vendor: Post office Procedure: Open a postal account
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7). Pradhan Mantri Fasal Bima Yojana Who: Farmers growing notified crops What: Protection against yield and or crop losses Vendors: Notified agencies Procedure: Aadhar, need to have crop accounts. Online application.
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8). Pradhan Mantri Mudra Yojana Who: Micro and small business entities What: Term loan, overdraft limit, working capital Vendors: Notified organisations Procedure: Apply through Banks, Micro Finance Institutions and Non-Banking Finance Companies
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