PM Jan Dhan Yojana Turns 12: Over 59 Crore Accounts, ₹3.17 Lakh Crore Deposits Mark Landmark Financial Inclusion Milestone In India

The Pradhan Mantri Jan Dhan Yojana (PMJDY), India's flagship financial inclusion scheme, celebrated its 12th anniversary on August 28, 2026. The initiative, launched by Prime Minister Narendra Modi, has transformed India's banking and financial landscape by providing banking and financial services to the unbanked and economically disadvantaged segments of society.

As of August 19, 2026, PMJDY has opened 59.09 crore bank accounts, with a total deposit of ₹3.17 lakh crore. Remarkably, 56% of these accounts are held by women, and 78% are in rural and semi-urban areas. The average deposit per account is Rs 5,356, a figure that has increased threefold in the past twelve years.

Finance Minister Pankaj Chaudhary emphasized that the success of PMJDY should be measured not just by the number of accounts opened but by the scheme's impact on transforming India's financial and banking landscape. He highlighted that account ownership has facilitated access to insurance and pension schemes, enabling the marginalized sections of society to improve their socio-economic conditions.

The PMJDY scheme has been instrumental in expanding the reach of banking services to every corner of the country. Through extensive saturation drives, the scheme has achieved near-universal coverage of bank accounts and significantly broadened the reach of insurance and pension schemes to those who need them most. The JAM trinity - Jan-Dhan-Aadhaar-Mobile - has proven to be a seamless and efficient mechanism for the direct delivery of financial assistance to the underprivileged.