International Journal of Applied Research
Vol. 5, Issue 5, Part B (2019)
Progress made under Pradhan Mantri Jan Dhan Yojana (PMJDY) in India
Thammineni Venkata Ramana
Pradhan Mantri Jan Dhan Yojana scheme is a totally contributory scheme and very closely people are travelling to banking sector day by day. In the last few years RBI launched many more schemes for banking sectors. Besides financial inclusion is one of the core activities of banking performance and directly people are getting government financial services in their living place. In 2005 RBI launched No Frills Accounts scheme for all the income level and financially poor people should use banking sectors, but this scheme did not cover all the people. Only 2000 people opened bank account in each village. That is why Indian Prime Minister Mr. Narendra Modi announced on August 15, 2014 and simultaneously this PMJDY scheme was launched on 28 August, 2014. The present study presents the progress made under the scheme at national level as on April 2019.
How to cite this article:
Thammineni Venkata Ramana. Progress made under Pradhan Mantri Jan Dhan Yojana (PMJDY) in India. International Journal of Applied Research. 2019; 5(5): 62-65.