Pradhan Mantri Jan Dhan Yojana (PMJDY) — National Mission for Financial Inclusion — completes 11 years of transformative impact

The Pradhan Mantri Jan Dhan Yojana (PMJDY), a national financial inclusion mission, has marked its 11th year, having a transformative effect on India's financial landscape. According to the Union Minister of Finance, Ms. Nirmala Sitharaman, the initiative has successfully brought millions of underprivileged individuals into the formal financial sector. Over the past 11 years, more than 56 crore Jan Dhan accounts have been opened, with a total deposit balance of Rs. 2.68 lakh crore (US$ 30.59 billion). Of these accounts, 67% were opened in rural or semi-urban areas, and women hold 56%. A total of over 38 crore free-of-cost RuPay cards have also been issued, which have helped to facilitate digital transactions and come with an accident insurance cover of Rs. 2 lakh (US$ 2,284). The Jan-Dhan-Aadhaar-Mobile (JAM) trinity has also proven to be an effective mechanism for delivering subsidies without diversion. In FY25, Rs. 6.9 lakh crore (US$ 78.76 billion) was credited to bank accounts through various Direct Benefit Transfer (DBT) schemes.
The Union Minister of State for Finance, Mr. Pankaj Chaudhary, stated that the PMJDY is one of the world's most successful financial inclusion initiatives, empowering people with dignity, opportunities, and access to financial services. A saturation campaign is underway from July 1, 2025, to September 30, 2025, where banks are holding camps in 2.7 lakh Gram Panchayats across the country to open new PMJDY accounts, update KYC details, and promote micro-insurance and pension schemes. This effort aims to bring financial services directly to the common person's doorstep. The Ministry of Finance continues its commitment to supporting marginalised and economically disadvantaged communities through robust financial inclusion strategies, ensuring that every unbanked adult has a basic, zero-balance bank account with no maintenance fees.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.