Number of rural and urban PMJDY recipients in India 2023, by sector

Of a total nearly 497 million Pradhan Mantri Jan-Dhan Yojana recipients as of August 2023, about 331 million recipients came from rural/semi-urban areas in India. Over 390 million recipients were recipients in public sector banks during the measured time period.
The Pradhan Mantri Jan Dhan Yojana was a financial inclusion program which was applicable citizens between 18 and 65 years old. It aimed to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions. Launched in August 2014, the scheme was criticized by the opposition as an effort to please voters that has created unnecessary work-burden on public-sector banks. It claimed that the poor deserved food more than bank accounts and financial security.