Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Jan Dhan Yojana (PMJDY)
PM Modi launches the " Pradhan Mantri Jan Dhan Yojana"
MottoMera Khata Bhagya Vidhata
Type of projectEconomic
CountryIndia
Prime Minister(s)Narendra Modi
MinistryFinance
Key peopleNirmala Sitharaman
Launched28 August 2014; 10 years ago (2014-08-28)
StatusActive
Websitewww.pmjdy.gov.in

Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions. This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014.[1] He had announced this scheme on his first Independence Day speech on 15 August 2014.

Run by Department of Financial Services, Ministry of Finance, under this scheme 15 million bank accounts were opened on inauguration day.[2][3] The Guinness Book of World Records recognized this achievement, stating: "The most bank accounts opened in one week as a part of the financial inclusion campaign is 18,096,130 and was achieved by the Government of India from August 23 to 29, 2014".[4] By 27 June 2018, over 318 million bank accounts were opened and over ₹792 billion (US$12 billion) were deposited under the scheme.[5]

  1. ^ Prime Minister to Launch Pradhan Mantri Jan Dhan Yojana Tomorrow, Press Information Bureau, Govt. of India, 27 August 2014
  2. ^ ET Bureau (28 August 2014), PM 'Jan Dhan' Yojana launched; aims to open 1.5 crore bank accounts on first day, The Economic Times
  3. ^ "Modi: Banking for all to end "financial untouchability"". Reuters. 28 August 2014. Archived from the original on 10 January 2016.
  4. ^ "Jan Dhan Yojana features in Guinness Book of World Records with 11.5 cr bank accounts". The Indian Express. 21 January 2015. Retrieved 26 May 2018.
  5. ^ Cite error: The named reference pmjdy was invoked but never defined (see the help page).