The flagship scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) achieved a new milestone with more than 40 crore bank accounts being opened under the scheme.

According to the latest figures, there are currently 40.05 crores beneficiaries under PMJDY with deposits more than ₹1.3 lakh crores. Of these, more than 50% of the account holders are women.

Another milestone achieved under world's largest financial inclusion initiative, PMJDY: Total accounts opened under the scheme crosses 40 Cr. mark.

Committed to take financial inclusion to the last mile!@PMOIndia @FinMinIndia @PIB_India

— DFS (@DFS_India) August 3, 2020

The PMJDY was launched in the year 2014 to ensure access to various financial services like having a bank account, access to need based credit, remittances facility, direct benefit transfer of subsidies and scholarships, insurance and pension to weaker sections and low income groups.

Initially, the PMJDY sought to ensure that every household in rural and urban areas had one person with a bank account. Now it is focusing on providing bank accounts to every unbanked adult.

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