Everything You Need To Know About 29 August 2023 : Pib
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29 August 2023 : PIB

PRESS INFORMATION BUREAU

29-August -2023

Daily Current Affairs For UPSC ,The PIB ( Press Information Bureau )


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1. Vice-President’s Message to the Nation on the eve of Onam

Topic: GS1 – art and culture

Context:

  • The Vice-President extends heartfelt greetings and best wishes to the citizens of the nation on the occasion of Onam.

About Onam:

  • Onam: A major festival celebrated in the Indian state of Kerala.
  • Occasion: Marks the annual homecoming of the legendary King Mahabali.
  • Significance: Celebrates unity, cultural richness, and harvest season.
  • Duration: Usually observed over ten days during the Malayalam month of Chingam (August-September).
  • Traditional Attire: People wear traditional clothing, with women adorning the elegant white and gold saree called “Kasavu.”
  • Floral Carpet (Pookalam): Intricate and colorful flower arrangements made at the entrance of homes to welcome King Mahabali.
  • Traditional Dance: Kathakali, a classical dance form, is performed during the festival.
  • Onam Sadya: A grand feast served on banana leaves, comprising various traditional vegetarian dishes.
  • Boat Races: Vallam Kali, traditional boat races, are held in various parts of Kerala during Onam.
  • Vallamkali: Boats adorned with vibrant decorations participate in competitive races.
  • Pulikali: Folk art where performers paint themselves as tigers and dance on the streets.
  • Athachamayam: Grand procession in the town of Tripunithura, showcasing traditional art forms.

Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1952946

2. Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completes nine years of successful implementation

Topic: GS2 – Government initiatives

PMJDY Overview:

  • Announced by Prime Minister Shri Narendra Modi on August 15, 2014.
  • Aims to provide financial inclusiveness and support to marginalized and economically backward sections.

Achievements:

  • More than 50 crore beneficiaries banked under PMJDY since its inception.
  • Total deposit balances under PMJDY accounts stand at Rs. 2,03,505 crore.
  • PMJDY accounts increased from 14.72 crore in March 2015 to 50.09 crore as of August 16, 2023 (3.4-fold growth).
  • Around 56% of Jan-Dhan account holders are women.
  • Approximately 67% of Jan Dhan accounts are in rural and semi-urban areas.
  • 98 crore RuPay cards issued to PMJDY accountholders.

Significance:

  • PMJDY has revolutionized financial inclusion in India through digital transformation.
  • Financial Inclusion promotes equitable growth and provides affordable financial services to vulnerable groups.
  • The initiative brings savings of the poor into the formal financial system, reducing reliance on usurious money lenders.

Pradhan Mantri Jan Dhan Yojana (PMJDY):

  • Zero Balance Accounts: PMJDY accounts can be opened with zero balance, making it accessible to everyone.
  • RuPay Debit Card: Each account holder is provided with a RuPay debit card, enabling cashless transactions and access to various services.
  • Overdraft Facility: After satisfactory operation of the account for some time, account holders can avail a small overdraft facility for emergencies.
  • Accident Insurance: Accidental insurance coverage of ₹2 lakh for the account holder.
  • Life Insurance: Life insurance coverage of ₹30,000 for eligible beneficiaries.
  • Mobile Banking: Account holders can access banking services through mobile phones.
  • Micro-insurance: Providing access to affordable micro-insurance products.
  • Easy Transfer: Account holders can easily transfer money across India.
  • Financial Literacy: The scheme emphasizes financial literacy and awareness through various campaigns and programs.

Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1952793

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