Jan Dhan Marks 12 Years as Deposits Climb 12.8 Times to Rs 3.17 Lakh Crore
The scheme has expanded access to basic banking, with 41.29 crore RuPay cards issued and average deposits rising 3.4 times, the ministry said.
- On Thursday, the Finance Ministry announced that the Pradhan Mantri Jan Dhan Yojana completed 12 years with bank accounts crossing 59 crore and deposits reaching Rs 3.17 lakh crore.
- Launched by Prime Minister Narendra Modi on August 28, 2014, the scheme targets unbanked populations; 78 per cent of accounts opened in rural and semi-urban areas, with around 56 per cent held by women.
- Average deposits per account reached Rs 5,356 as of August 19, 2026, representing a 3.4-fold increase over 12 years, while accounts offer Rs 10,000 overdraft facility and accident insurance cover of up to Rs 2 lakh.
- Union Minister of State for Finance Pankaj Chaudhary said "Account ownership has enabled the common man to have insurance and pension coverage," emphasizing the scheme's empowerment of marginalized sections.
- Through saturation drives, the government expanded insurance schemes including Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, while linking free RuPay debit cards to facilitate financial resilience.
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PM Jan Dhan Yojana: 12 years of banking & empowerment for all
PM Jan Dhan Yojana (PM-JDY) has emerged as a cornerstone of India’s financial inclusion journey since its launch in 2014. Over 12 years, it has expanded access to formal banking, credit, insurance, pensions and digital payments, particularly for underserved communities. PM-JDY accounts have grown from 14.72 crore in 2015 to 59.09 crore as of 19th August 2026, with 32.92 crore female beneficiaries. Deposits have also risen consistently, reflectin…
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LatestlyJan Dhan marks 12 years as deposits climb 12.8 times to Rs 3.17 lakh crore
Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have increased 12.8 times to Rs 3.17 lakh crore over the past 12 years, pointing to deeper engagement with formal banking and stronger saving habits among beneficiaries, according to a release by the Ministry of Finance.
12 Yrs of PMJDY: 59 cr Bank Accounts Opened, Deposits Cross Rs 3.17 Lakh Cr
The scheme, launched on August 28, 2014 by Prime Minister Narendra Modi, is providing banking and financial services to unbanked and economically disadvantaged sections, with 78 per cent of PMJDY accounts opened in rural and semi-urban areas and around 56 per cent held by women
PM Jan Dhan Yojana marks 12 years: 59 crore bank accounts with ₹3.17 lakh cr deposits – Check full details
The average deposit per account is ₹5,356 as on August 19, 2026, and the average deposit per account has increased 3.4 times in the last 12 years, the finance ministry said in a statement.
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