Q. Pradhan Mantri Jan Dhan Yojana (PMJDY), recently completed 10 years of implementation, comes under which ministry?
Answer:
Ministry of Finance
Notes: The Pradhan Mantri Jan Dhan Yojana (PMJDY) has marked ten years since its launch on August 28, 2014, announced by Prime Minister Narendra Modi. The scheme aims to include the unbanked population in India's financial system. PMJDY has expanded financial services to nearly every adult in India, offering Basic Savings Bank Accounts, remittance, credit, insurance, and pensions. It is managed by the Ministry of Finance and focuses on providing affordable financial services to the masses. By July 2024, 52.74 crore Jan Dhan accounts had been opened. Over 55% of the account holders are women.
Nearly all villages have banking outlets within 5 km, as per the Jan Dhan Darshak App. The average deposit in PMJDY accounts increased by 4.12 times from 2015 to 2024. The number of zero-balance accounts dropped to 4.26 crore, down from 8.52 crore in March 2015.