PRADHAN MANTRI JAN-DHAN YOJANA - A WAY TOWARDS FINANCIAL INCLUSION

Pinky  Saini; Ishwar Mittal

Authors

Pinky Saini Research Scholar, Institute of Management Studies and Research, Maharshi Dayanand University, Rohtak, Haryana, India
Dr. Ishwar Mittal Assistant Professor, Institute of Management Studies and Research, Maharshi Dayanand University, Rohtak, Haryana, India

Keywords:

Financial Inclusion, Inclusive Growth, PMJDY, Banking Facilities

Abstract

Pradhan Mantri Jan-Dhan Yojana is a financial inclusion scheme launched in India to provide financial services to all households in the country. The particular focus of scheme is to empower the weaker sections of society, including women, small & marginal farmers and labourers. Financial Inclusion is an important priority of the Government as it is an enabler for inclusive growth. The main objective of the scheme is to ensure universal access to banking facilities with at least one basic banking account for every household. This study suggests that there is a need of lot of efforts to be done by government and private sector bank to contribute towards inclusive growth of country. In this study, researcher explains the benefits of PMJDY and the status of banks accounts opened under this scheme. An attempt is made to find the current status of PMJDY scheme and trend of financial inclusion in India.
Keyword: Financial Inclusion, Inclusive Growth, PMJDY, Banking Facilities.