Pradhan Mantri Jan Dhan Yojana (PMJDY) Ideas and lessons from India

As part of its program to facilitate exposure visits to India for governments across the globe, MSC has documented India’s journey towards financial inclusion and digital governance. The first module of this series was Aadhaar. The second module of this series is PMJDY.

One of the flagship schemes of the current government in India is Pradhan Mantri Jan Dhan Yojana (PMJDY). It was launched as a national mission on financial inclusion in 2014 with an aim to provide access to affordable financial services to all. It played a critical role in managing COVID 19 crisis in India and supporting the weaker sections of the society. The government was able to provide cash support 198.6 million which amounted to INR 99.3 billion (as on 13th April, 2020). To date, more than 381 million accounts have been opened under PMJDY scheme with around 470 million insurance beneficiaries and 19 million pension beneficiaries.

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Written by


Neha Parakh