Tag: Pradhan Mantri Jan Dhan Yojana (PMJDY)

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.

Finlok is a financial platform that helps people save money and avail hassle-free credit through a group savings-based financial model. This blog explores how the platform will help the low- and middle-income segments gain greater control over their finances.

On our journey of two decades, MSC engaged in a range of critical works that helped us bring about a positive change in the lives of millions of people from the low- and middle-income segments. In this video, our employees discuss some of the cutting-edge engagements they have been involved in with us.

The first assessment (Wave-I) was conducted in November and December 2014 across 41 districts in 9 states, wherein a total of 2,039 BM locations and 8,789 beneficiaries were surveyed. BMs were assessed on dimensions such as availability, transaction readiness, dormancy, branding of outlets, number of transactions etc. The customers were asked questions about their experience on aspects such as first bank account under PMJDY, receipt of RuPay card and availability of Aadhaar and its linkage in PMJDY account.

Jan Suraksha is India’s tryst to insure its masses. The focus of the study was on the last mile of Jan Suraksha scheme i.e, Bank Mitrs and customers.

This focus note presents key policy and operational interventions that are needed to improve to the Pradhan Mantri Jan Dhan Yojana (PMJDY).