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Doctoral Thesis | Management | India | Volume 14 Issue 2, February 2025 | Rating: 5.3 / 10
Financial Inclusion Through Pradhan Mantri Jan Dhan Yojana (PMJDY) in Punjab: Issues & Challenges
Sachin Jain, Dr. Sandeep Singh
Abstract: The Pradhan Mantri Jan Dhan Yojana (PMJDY) with the interior beliefs of ?Sab ka sath sab ka vikas? has given a financial freedom to every households. The financial inclusion plan aims at providing easy access to financial services to those sections of the society who are deprived of it so far at affordable cost thereby bringing them into the mainstream of financial sector. PMJDY ensures that banking and financial services are available to the economically and socially weaker households, women and different other marginalized section and to access to financial services such as bank accounts, credit, insurance deposit accounts and pension in an affordable manner. This research highlights the problems and challenges faced by PMJDY account holders of Punjab at ground level. From the findings of the study the researcher highlighted that although some of the respondents have knowledge regarding the various facilities and services like Rupay Debit Card, Direct Benefit Transfer, Insurance Coverage whereas there are some section of the respondents who are totally unaware of any of facilities of Pradhan Mantri Jan Dhan Yojana thus besides mass awareness about the scheme we must focus on the usage of accounts by poor and marginalized people.
Keywords: Financial inclusion, PMJDY, Financial Literacy, Financial Product Awareness
Edition: Volume 14 Issue 2, February 2025,
Pages: 1551 - 1561