12 Yrs of PMJDY: 59 cr Bank Accounts Opened, Deposits Cross Rs 3.17 Lakh Cr
The scheme, launched on August 28, 2014 by Prime Minister Narendra Modi, is providing banking and financial services to unbanked and economically disadvantaged sections, with 78 per cent of PMJDY accounts opened in rural and semi-urban areas and around 56 per cent held by women
New Delhi: The finance ministry on Thursday said that Pradhan Mantri Jan Dhan Yojana (PMJDY), the government's flagship financial inclusion scheme, has completed 12 years, with the number of bank accounts under the scheme crossing 59 crore and deposits at Rs 3.17 lakh crore.
The scheme, launched on August 28, 2014 by Prime Minister Narendra Modi, is providing banking and financial services to unbanked and economically disadvantaged sections, with 78 per cent of PMJDY accounts opened in rural and semi-urban areas and around 56 per cent held by women.
In a statement, the ministry said that the average deposit per account is Rs 5,356 as on August 19, 2026, and the average deposit per account has increased 3.4 times in the last 12 years. “The increase in the average deposit is another indication of the increased usage of accounts and the inculcation of saving habits among account holders,” it said.
Speaking on the anniversary, Minister of State for Finance Pankaj Chaudhary said that the success of PMJDY should not be viewed merely in terms of the number of accounts opened, but in its transformation of the country's banking and financial landscape. “PMJDY has empowered millions, particularly the marginalised sections, to access banking and financial services to improve their socio-economic conditions,” he said.
“Account ownership has enabled the common man to have insurance and pension coverage. Through relentless saturation drives across every state and district, we have moved towards near-universal coverage of bank accounts and steadily widened the reach of insurance and pension schemes to those who need them most," he added.
Under PMJDY, the ministry said, eligible account holders get a basic bank account without any minimum balance requirement or maintenance charges. “The accounts are also linked with free RuPay debit cards, which provide accident insurance cover of up to Rs 2 lakh,” it said.
“As many as 41.29 crore RuPay cards have been issued to PMJDY account holders, and the number and usage of RuPay cards have increased over time. Account holders are also eligible for an overdraft facility of up to Rs 10,000, providing financial support during emergencies,” the ministry said.