Launched by Prime Minister Narendra Modi in August 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has witnessed significant growth over the past ten years. As of August 2026, there are 59.09 crore PMJDY accounts, with total deposits standing at ₹3,16,514 crore.
Inaugurated by Prime Minister Shri Narendra Modi in August 2014 as one of his first programmes, Pradhan Mantri Jan Dhan Yojana (PMJDY) has marked a significant milestone in its tenth anniversary. The scheme has been instrumental in transforming India's financial landscape and is now recognized as the world’s largest financial inclusion initiative.
The Ministry of Finance remains committed to supporting marginalized and economically disadvantaged sectors through robust financial inclusion schemes and outreach. PMJDY ensures that every unbanked adult has access to a basic bank account—with no minimum balance requirement and no maintenance charges. Each account comes with a free RuPay debit card, offering an accident insurance cover of ₹2 lakh, encouraging digital transactions and financial security.
Account holders are also eligible for an overdraft facility of up to ₹10,000, providing a safety net during emergencies. PMJDY accounts have played a pivotal role in extending life and accident insurance to millions of workers in the unorganised sector, through Jan Suraksha schemes, viz. PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.
In his remarks on the occasion, Union Minister of State for Finance, Shri Pankaj Chaudhary, highlighted the achievements of PMJDY, stating that the scheme has moved towards near-universal coverage of bank accounts and steadily widened the reach of insurance and pension schemes to those who need them most.
Under PMJDY, 78% of the accounts have been opened in rural or semi-urban areas, and approximately 56% of accounts are owned by women, depicting the priority of the scheme, which was to bring the underprivileged living in far-flung areas of the country into the formal financial sector.
Source:
Press Information Bureau
