PM Jan Dhan Yojana crosses 59 crore accounts, emerging as the world’s largest financial inclusion initiative

Prime Minister Narendra Modi has completed 25 years in public service, a journey defined by the mantra of Jan Seva Se Desh Seva, and a relentless commitment that continues. Guided by this vision for Seva and Sushasan, the Government has been ceaselessly working towards achieving the goal of a Viksit Bharat by 2047. Through inclusive development and social empowerment, this dedication is transforming lives. Today, in our special series, we bring you an instance of how this vision has been translated into action through initiatives like the PM Jan Dhan Yojana.
Pradhan Mantri Jan Dhan Yojana has emerged as a cornerstone of India’s financial inclusion journey since its launch in 2014 by Prime Minister Narendra Modi. With over 59 crore Jan Dhan accounts, the scheme has grown into the largest financial inclusion initiative in the world. The scheme has provided universal banking access for every household and has become the foundation for direct benefit transfers. It has helped save almost 3.5 lakh crore rupees by plugging leakages in welfare delivery.
Addressing the centenary celebrations of Shri Ram College of Commerce in New Delhi last month, Prime Minister Narendra Modi had said that Jan Dhan Yojana has transformed India’s banking landscape and today almost every family in the country is connected to the banking system.
 
As the world’s largest financial inclusion initiative, the scheme is redefining access to banking for millions of underprivileged citizens. The Jan Dhan account holder can avail overdraft facility of up to ten thousand rupees per household.