Pradhan Mantri Jan Dhan Yojana (PMJDY)

Current Context: The Pradhan Mantri Jan Dhan Yojana (PMJDY) has achieved major milestones in FY 2024-25, with 55 crore beneficiaries and a total account balance of ₹2.5 lakh crore, reinforcing India’s financial inclusion efforts.

• Key Points:
• Launched: August 15, 2014, to provide banking access to the unbanked population.
• Accounts & Demographics:
  • 14 crore accounts as of March 2025.
  • 67% beneficiaries from rural/semi-urban areas.
  • Women account holders: 30.71 crore (56%).
• Financial Impact:
  • Average account balance: ₹4,726.
  • Enabled Direct Benefit Transfers (DBTs) and improved bank liquidity.
• Digital Growth:77 crore RuPay debit cards issued to promote digital transactions.
• Economic Influence:
• Financial inclusion index rose from 43.4 (2017) to 64.2 (2024).