Launched by Prime Minister Narendra Modi on 28 August 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has completed 11 successful years, emerging as the world’s largest financial inclusion program. The scheme has brought millions of poor and underprivileged citizens into the formal banking system, empowering them with access to financial services.
Finance Minister Nirmala Sitharaman remarked that financial inclusion is the cornerstone of economic growth. Through Jan Dhan, marginalized communities have gained access to opportunities, dignity, and empowerment.
The Jan Dhan–Aadhaar–Mobile (JAM) framework has ensured transparent and direct transfer of subsidies and government benefits. In FY 2024-25 alone, ₹6.9 lakh crore was directly credited into beneficiaries’ bank accounts.
Jan Dhan accounts provide more than just banking access. Benefits include a free RuPay debit card, accident insurance coverage up to ₹2 lakh, an overdraft facility of up to ₹10,000, and access to multiple social security schemes. This has encouraged savings habits while also providing small credit support in times of need.
The expansion of RuPay, UPI, and digital payment systems has accelerated India’s move towards a cashless economy. Digital transactions have seen an exponential rise — from 2,338 crore in FY 2018-19 to 22,198 crore in FY 2024-25.
Minister of State for Finance Pankaj Chaudhary emphasized that PMJDY is among the most successful financial inclusion initiatives globally. He highlighted the ongoing Saturation Campaign (July–September 2025) under which camps are being organized at the Gram Panchayat level to open new accounts, enroll beneficiaries under insurance and pension schemes, and update KYC details.
The Road Ahead: The government envisions “a bank account in every household” and universal access to insurance and pension coverage. Continuous efforts are being made to build a strong, financially inclusive society that empowers every citizen.
