Photo Credit - The Economic Times      

Pradhan Mantri Jan-Dhan Yojana (PMJDY) was launched on August 28, 2014, with the aim of 'Banking the Unbanked

Photo Credit -  Twitter                                

In the first year alone, 179 million accounts were opened, making PMJDY the world's largest financial inclusion scheme

Photo Credit - WiKipedia        

PMJDY provides accessibility to various financial services such as basic savings accounts, credit, remittance facilities, insurance, micro-credit, and pension to excluded sections

Photo Credit - News18              

Over the course of nine years, PMJDY accounts have reached nearly 490 million (49 crore), with deposits exceeding Rs 2 lakh crore

Photo Credit - Press Information Bureau        

The average deposit per account has increased more than 2.9 times since August 2015

Photo Credit - WiKipedia      

PMJDY has expanded its coverage to over 67 percent of rural and semi-urban areas and has a remarkable 56 percent women account holders, showcasing gender sensitivity

Photo Credit  -  The Hans India   

Approximately 80 million PMJDY account holders receive direct benefit transfers (DBT) from the government

Photo Credit  - IAS Gyan   

Public sector banks hold the majority of deposits (Rs 1.55 lakh crore), followed by Regional Rural Banks (RRBs) and private sector banks

Photo Credit  - Web Hindi     

PMJDY has promoted digital transactions, with over 330 million RuPay debit cards issued, an increase in point of sale (PoS) machines, and the introduction of UPI

Photo Credit  - Narendra Modi    

The Modi government is taking steps to globalize RuPay and further enhance financial inclusion through PMJDY

Read more about this story on our official web page -

Photo Credit - The Economic Times                       

Get Latest Business News Updates on IEM