“When the final mile is financially linked, your complete nation strikes ahead collectively. That's precisely what the PM Jan Dhan Yojana achieved,” Prime Minister Narendra Modi stated in a publish on X. “It enhanced dignity and gave individuals the ability to script their very own future.”
Because the launch of PMJDY in 2014, greater than 560 million Jan Dhan accounts have been opened below the scheme, garnering a complete deposit steadiness of ₹2.68 lakh crore. Greater than 380 million free-of-cost RuPay playing cards have been issued, facilitating digital transactions, as per the federal government.
Finance minister Nirmala Sitharaman, in her assertion on completion of the eleventh yr of the scheme, stated PMJDY has been one of many main channels for delivering advantages below schemes utilizing direct profit switch (DBT), offering credit score amenities, social safety and enhancing financial savings and investments.
“Monetary inclusion is a key driver of financial progress and growth. Common entry to financial institution accounts permits the poor and the marginalised to take part absolutely within the formal financial system and profit from its alternatives,” she stated. “It's noteworthy that below PMJDY, 67% of the accounts are opened in rural or semi-urban areas, and 56% of the accounts are opened by ladies, indicating how underprivileged people residing in far-flung areas have been introduced into the formal monetary sector,” she stated.
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