PMJDY accounts increased from 60.38% in March’17 to 85.70% in November’21

Tags: Economics/Business

  • According to the Government of India the number of Pradhan Mantri Jandhan Yojana (PMJDY) account holders in India was 43.94 crore and 31.78 crore Rupay Debit card was issued to the PMJDY account holder as on 24 November 2021. 
  • It covers 85.70% of the household in India as of November 2021.
  • It was 60.38%in March 2017.
  • The maximum PMJDY account was opened in Uttar Pradesh, 756.69 lakhs.


  • Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
  • It aims to bring the poor and the marginalised section of the society into the formal banking system by opening their account in banks and providing them access to credit facilities etc.

Main feature of the scheme:
One Basic Savings Bank Account (BSBD)is opened for unbanked people in any bank in India

  • There is no requirement to maintain any minimum balance in PMJDY accounts.
  • Interest is earned on the deposit in PMJDY accounts.
  • Rupay Debit card is provided to the PMJDY account holder.
  • Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018) is available with RuPay card issued to the PMJDY account holders.
  • An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.
  • PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme.

The scheme was announced on 15 August 2015 by the Prime Minister and was started on 28 August 2015.

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