JAM (Jan Dhan-Aadhaar-Mobile) Trinity

GS-3-Economy 

What is JAM Trinity?
JAM Trinity is a framework that integrates Jan Dhan accounts, mobile numbers, and Aadhaar cards to facilitate the direct transfer of subsidies to beneficiaries. This eliminates intermediaries, reducing inefficiencies and leakages.

• Origin: First proposed in the Economic Survey 2014-15.
• Implementation Year: 2016.

Key Components of JAM

1. Identification: Aadhaar cards were introduced to uniquely identify all beneficiaries.
2. Payment Mechanism: Pradhan Mantri Jan Dhan Yojana enabled the creation of zero-balance bank accounts for smooth transactions.
3. Beneficiary Access: Mobile payments were enhanced to enable swift and secure transfer of funds to recipients.

Government Schemes Enabled by JAM

1. Pratyaksh Hanstantarit Labh (PAHAL) Yojana
   • Direct transfer of LPG subsidies into beneficiaries’ bank accounts.
   • Recognized by the Guinness Book of World Records as the largest direct cash transfer program globally.
2. Pradhan Mantri Suraksha Bima Yojana
   • Provides accident insurance coverage of ₹2 lakhs.
   • Premium: ₹12 per annum, making it accessible even to the economically disadvantaged.
3. Pradhan Mantri Jeevan Jyoti Bima Yojana
   • Offers life insurance of ₹2 lakhs at an annual premium of ₹330.
   • Ensures financial support to the member’s family in case of death.
4. Atal Pension Yojana
   • A guaranteed pension scheme offering up to ₹5,000 per month, based on the individual’s contribution.