- PM Jan Dhan Yojana has completed 12 years, with 59.09 crore accounts and total deposits reaching ₹ 3.17 lakh crore as of August 19, 2026.
- Since its launch, the number of accounts has increased nearly fourfold from 14.72 crore in 2015 to 59.09 crore in 2026.
- Deposits have surged from ₹ 15,670 crore in 2015 to ₹ 3.16 lakh crore as of August 19, 2026, marking a nearly 20-fold increase.
- In 2011, only 14.48 crore of India’s 24.67 crore households had banking facilities.
- By 2014, 53.1% of adults held accounts, up from 35.2% in 2011.
- The PMJDY was launched on August 28, 2014, to address the gap in banking access.
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched on August 28, 2014, has transformed India's banking landscape over the past 12 years. With 59.09 crore accounts and total deposits reaching ₹3.17 lakh crore, the initiative has significantly enhanced financial inclusion.1256
Initially aimed at bringing the unbanked into the formal financial system, PMJDY has expanded its reach, with 45.95 crore accounts in rural and semi-urban areas and 32.92 crore female beneficiaries. The scheme has seen a remarkable increase in account ownership, growing from 14.72 crore accounts in 2015 to 59.09 crore today, a nearly fourfold increase. Deposits have surged from ₹15,670 crore in March 2015 to ₹3.16 lakh crore, marking a 20-fold rise.
The programme's success is reflected in the average balance per account, which has increased from ₹1,065 in March 2015 to over ₹5,350 currently, indicating a shift towards active savings. Additionally, 41.29 crore RuPay debit cards have been issued, enhancing access to financial services. The JAM (Jan Dhan-Aadhaar-Mobile) framework has facilitated direct benefit transfers for 327 government schemes, saving over ₹3.48 lakh crore by eliminating ineligible beneficiaries.
As PMJDY celebrates its 12th anniversary, it stands as a testament to India's commitment to financial inclusion, with a significant demographic reach and a focus on empowering women and rural communities.
“Women hold about 56% of all PMJDY accounts, and 77.8% of accounts are in rural and semi-urban areas. The scheme has issued over 40 crore RuPay cards with built-in accident cover of Rs 2 lakh, and the JAM trinity has saved over Rs 3.48 lakh crore by removing ineligible beneficiaries.”
Swarajya
