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PM Jan Dhan Yojana Marks 12 Years of Transforming Financial Inclusion

Newsmantra — Mon, 31 Aug 2026 06:15:18 +0000

NEW DELHI. India’s flagship financial inclusion drive, the Pradhan Mantri Jan Dhan Yojana (PMJDY), has completed 12 years of nationwide implementation, marking a major milestone in expanding formal banking access across the country. Originally launched by Prime Minister Narendra Modi on August 28, 2014, the initiative has now surpassed 59 crore account openings with total aggregate deposits reaching 3.17 lakh crore rupees.

Highlighting its reach among marginalized populations, 78 percent of these accounts are situated in rural or semi-urban areas and roughly 56 percent are held by women. Additionally, the scheme has facilitated digital transaction adoption by issuing over 41 crore RuPay debit cards, while pushing the average deposit per account to 5,356 rupees. At the core of the Jan-Dhan-Aadhaar-Mobile (JAM) trinity, the scheme continues to serve as a direct, transparent mechanism for delivering government benefits, successfully driving the country’s Financial Inclusion Index from 53.9 in 2018 up to 67 in 2026.

Jan Dhan Yojana Crosses 52.6 Crore Accounts, Empowers Poor and Women

Newsmantra — Wed, 06 Aug 2025 07:55:39 +0000

Prime Minister Narendra Modi on Tuesday lauded the Pradhan Mantri Jan Dhan Yojana (PMJDY) as it completed 11 years since its launch on August 28, 2014, highlighting its role as one of the world’s largest financial inclusion drives aimed at bringing every Indian household into the formal banking system. As of March 2024, the scheme has facilitated the opening of over 52.6 crore bank accounts with a cumulative balance of ₹2.63 lakh crore, offering zero-balance accounts, RuPay debit cards, insurance benefits, and overdraft facilities to the poor, while serving as a critical platform for Direct Benefit Transfers (DBTs) under various government welfare schemes. The initiative has significantly boosted digital banking adoption and acted as a gateway to flagship schemes such as PM-KISAN, Atal Pension Yojana, PM Jeevan Jyoti Bima Yojana (PMJJBY), and Pradhan Mantri Suraksha Bima Yojana (PMSBY), with more than 56% of account holders being women—reflecting the scheme’s vital role in empowering women and bridging the financial gap in rural and underserved communities across India.