Jan Dhan Yojana

26% of Jan Dhan accounts with PSBs inactive as usage slows under PMJDY

As of September 2025, 142.8 million Jan Dhan accounts in public sector banks are inactive; officials say RuPay card issuance gap also persists at 31 per cent

PMJDY turns 11 with 560 million accounts, ₹2.68 trillion deposits

PM Modi on Thursday said in his post on "X": "When the last mile is financially connected, the entire nation moves forward together

Jan Dhan Yojana gave people power to script their own destiny: PM Modi

With the PM Jan Dhan Yojana completing 11 years, Prime Minister Narendra Modi on Thursday said the scheme has given people the power to script their own destiny and asserted that when the last mile is financially connected, the entire nation moves forward together. The PM Jan Dhan Yojana, launched on this day in 2014, is a national mission on financial inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households in the country. The scheme envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension facility. In a post on X, Modi said, "When the last mile is financially connected, the entire nation moves forward together. That is exactly what the PM Jan Dhan Yojana achieved. It enhanced dignity and gave people the power to script their own destiny." The prime minister, in another post, shared a post by MyGov on how PM Ja

RBI MPC Outcome: 3 key announcements for citizens | Jan Dhan accounts | Bank lockers | SIP

The Reserve Bank of India’s Monetary Policy Committee today kept the repo rate unchanged at 5.5%, and maintained a neutral policy stance.

Canara Bank to recruit people proficient in local languages: MD & CEO

We target that our recoveries should be substantially higher than the slippages, says K Satyanarayana Raju

'Out-of-touch claim': Congress slams NDA govt on income equality data

Congress disputes India's Gini Index-based equality ranking, citing 28.1% poverty rate and widening disparity as evidence of flawed data and government spin

NDB mandate must focus on agility, tech and sustainable growth: Sitharaman

Finance Minister Nirmala Sitharaman on Friday said in today's fast changing world, the mandate for New Development Bank (NDB) must be renewed with focus on greater agility, technological advancement and efficiency. Observing that NDB has played an important role in reshaping the financial landscape for the global South, she said, it has approved more than 100 projects, and it has approved more than USD 35 billion in financing across member countries, including key Indian initiatives like the metro rail, renewable energy and water management. NDB is not just a source of capital, it is a platform for shaping a more equitable and responsive global financial architecture, she said during the NDB Governors Seminar on the theme 'Challenges for Financing Sustainable Development for the Global South' in Rio de Janeiro, Brazil. "In today's fast changing world, its mandate must be renewed. The NDB's mandate must be renewed with focus on greater agility, technological advancement and efficienc

21% of Pradhan Mantri Jan Dhan Yojana accounts turned inoperative by Dec

Number of such accounts stands at 110 million

Insurance penetration ratio has a long way to go, says WWB's Kalpana Ajayan

Initiatives like Jan Dhan Yojana and Jan Suraksha have significantly boosted women's participation in financial services

SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits

SBI is using wealth banking to focus on a segment which is below affluent class but above the normal account holders

Jan Dhan Yojana UPA-era scheme renamed by Modi govt, says Chidambaram

Senior Congress leader P Chidambaram on Thursday said the Jan Dhan Yojana was a UPA-era scheme that was "renamed" by the Modi government, and asserted that several million accounts were opened between 2005 and 2014. The former finance minister's remarks came a day after the government marked completion of 10 years of the Pradhan Mantri Jan Dhan Yojana with Prime Minister Narendra Modi hailing the scheme. Chidambaram said the RBI governor who conceived of the idea was C Rangarajan. In 2005, when the 'No Frills Account' or 'Zero Balance Account' was rolled out, the governor was Dr Y V Reddy, he said. "Dr Reddy was succeeded by Dr Subba Rao. All the past governors deserve credit for introducing the scheme. It was renamed as Basic Savings Bank Deposit Account (BSBDA) in 2012," he said in a statement. The UPA-era scheme was renamed as Jan Dhan Yojana by the Modi government, Chidambaram said. Several million accounts were opened between 2005 and 2014, he said. As the Pradhan Mantri Ja

PMJDY integrates poor into economic mainstream, says FM Nirmala Sitharaman

Pradhan Mantri Jan Dhan Yojana (PMJDY), the largest financial inclusion initiative in the world, integrates the poor into the economic mainstream and plays a crucial role in the development of marginalised communities, Finance Minister Nirmala Sitharaman said on Wednesday. PMJDY, the national mission for financial inclusion, which completed a decade of successful implementation continuously endeavours to provide support to the marginalised and economically backward sections through its financial inclusion interventions. In her message on the 10th anniversary of PMJDY, Sitharaman said, "universal and affordable access to formal banking services is essential for achieving financial inclusion and empowerment. It integrates the poor into the economic mainstream and plays a crucial role in the development of marginalised communities." By providing universal, affordable, and formal financial services including bank accounts, small savings schemes, insurance, and credit to the previously

Jan Dhan Yojana turns 10: PM Modi hails financial inclusion success

Jan Dhan Yojana has been paramount in boosting financial inclusion and giving dignity to crores of people', said Prime Minister Narendra Modi

Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman

The average balance per account has increased from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Roughly 80 per cent of these accounts are currently active

10 years of Pradhan Mantri Jan-Dhan Yojana: Stepping aside and looking back

PMJDY is testimony to how digital technology can be put to use for the poor so that they also benefit from the economic growth

FinMin to meet CEOs of PSBs on Jun 25, review financial inclusion schemes

The finance ministry has called a meeting of heads of Public Sector Banks (PSBs) on Tuesday to review progress of various financial inclusion schemes, including PM Vishwakarma, Jan Suraksha and Mudra Yojana. The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi. According to sources, the meeting would review the progress of various flagship schemes, including PM Vishwakarma, StandUp India, PM SVANidhi , among others. Other financial inclusion related issues would also be discussed in the meeting, sources said. Prime Minister Narendra Modi in September last year launched PM Vishwakarma scheme under which traditional craftsmen and artisans will be provided loan assistance at a minimal interest rate without the need for collateral. With a financial outlay of Rs 13,000 crore for a period of five years, the scheme will benefit about 30 lakh families of traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and ...

SBI sanctioned 20,000 digital small biz loans up to Rs 50 lakh since Dec

State Bank of India (SBI) has sanctioned around 20,000 loans of Rs 10 lakh to Rs 50 lakh for small businesses as part of a digital lending pilot that started in December, a senior official said on Friday. Having been satisfied with the results of the pilot, under which a customer can get a loan sitting at home, the country's largest lender is now broadening the loan amounts to Rs 5 crore, Deputy Managing Director Surendra Rana said at a banking conference organised by IMC here. "We rolled out the Rs 10-50 lakh model in December and I am happy to share that we have already sanctioned around 20,000 loans through this process and this is working very smoothly. Now, we are escalating it to Rs 5 crore," he said. A customer journey starts with scanning a QR code from anywhere, grants some approvals and SBI uses data repositories to come back with a sanctioned amount in a maximum of five days, he said. The remarks from the official come days after the bank announced that lending to small

Highlights of the day: Investments are inclined towards India, says FM

From Bihar govt launching a probe into Tejashwi Yadav's dept to Intel discussing financial support with US govt, catch all the latest updates from around the world

Jan Dhan Yojana revolutionised financial inclusion in India: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing Rs 2 lakh crore. On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY), which is one of the biggest financial inclusion initiatives in the world, Sitharaman in her message said 55.5 per cent bank accounts have been opened by women, and 67 per cent have been opened in rural/semi-urban areas. Under the scheme, the number of bank accounts grew 3.4-fold from 14.72 crore in March 2015, to 50.09 crore as on August 16, 2023. Total deposits too have swelled from Rs 15,670 crore as of March 2015, to over Rs 2.03 lakh crore as of August 2023. The average deposits in Jan Dhan accounts have increased 3.8 times from Rs 1,065 as of March 2015, to Rs 4,063 in August 2023. About 34 crore RuPay cards hav

9 years on, Jan-Dhan helps govt seal leaks and purge bogus accounts

About 6.26 PMJDY account holders receives DBT