Downloads: 1 | Views: 134 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Paper | Accounting | India | Volume 11 Issue 7, July 2022 | Rating: 4.9 / 10

Pradhan Mantri Jan Dhan Yojana: A Step towards Financial Inclusion

Paresh T. Lalaiya ^[2] | Dr. Sanjay R. Shinde ^[2]

Abstract: The present study seeks to investigate the current status of the Pradhan Mantri Jan Dhan Yojana in India. The results showed that the contribution of rural sector in terms of accounts opened under Pradhan Mantri Jan Dhan Yojana was relatively higher than the urban sector in all the banking sectors namely, public sector banks, regional rural banks and private banks. The results further revealed that 44.12 lakh accounts were opened in Pradhan Mantri Jan Dhan Yojana, mobilized the deposit of Rs. 149161.44 crores and 31.20 lakh accounts under Pradhan Mantri Jan Dhan Yojana were Number of Rupay Debit Cards issued to beneficiaries as on Dec.15, 2021. From the public sector banks and RRBs, the State Bank of India played an important and leading role in the opening accounts under Pradhan Mantri Jan Dhan Yojana. The state-wise scenario of Pradhan Mantri Jan Dhan Yojana showed that the highest numbers of accounts were opened in Bihar and Uttar Pradesh both in rural and urban sectors due to its highest population rate.

Keywords: Financial inclusion, Pradhan Mantri Jan Dhan Yojana, PMJDY, RRBs, Public and private sector banks

Edition: Volume 11 Issue 7, July 2022,

Pages: 1143 - 1147