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PMJDY is India's national mission for financial inclusion ensuring access to banking, savings, remittance, credit, insurance, and pension for the unbanked. As of 2025: 54.19 crore Jan Dhan accounts opened, ₹2.31 lakh crore total balance. World's largest financial inclusion initiative.
Target Beneficiaries: 54.19 crore account holders (Jan 2025); 67% in rural/semi-urban areas; 56% accounts belonging to women
1380
Funding Ratio (Centre:State): 100% Central Government (Administrative and Mission management)
GS Paper: GS3
Syllabus Tags
Launched on August 28, 2014, with the slogan 'Mera Khata, Bhagya Vidhata'.
GIS based mobile application to help people find banking touchpoints.
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54.19 Crore
Source: Department of Financial Services
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Rs. 2.30 Lakh Crore
Source: PIB
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55.5%
Source: PIB
PMJDY is the foundational pillar of the JAM (Jan Dhan-Aadhar-Mobile) trinity, which has revolutionized the welfare delivery system in India. By bringing the 'unbanked' into the formal fold, it eliminated middle-men and leakage in DBT. However, the 'Quality of Inclusion' remains a concern; many accounts have zero or low balances, and digital literacy among Jan Dhan users is still nascent. The overdraft facility and insurance components have seen low uptake. The current challenge is to evolve these basic savings accounts into gateways for credit and investment products.
PMJDY has moved beyond banking to provide a comprehensive financial safety net. Examine its role in India's social security architecture.
Financial inclusion for GS3: 1. Formalization of the economy. 2. Empowerment through Direct Benefit Transfer (DBT). 3. Financial stability for the poor through insurance (PMJJBY/PMSBY) linked to PMJDY. 4. Banking as a right, not a privilege.