Number of PMJDY recipients in India 2023, by public sector bank
The Pradhan Mantri Jan-Dhan Yojana in India had over 390 million beneficiaries in public sector banks as of August 2023. This was a strong increase compared to March 2021. State Bank of India had the highest number of beneficiaries at over 140 million recipients, followed by Bank of Baroda with over 59 million recipients 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.
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.
