PMJDY Marks Decade of Financial Inclusion

Prime Minister Narendra Modi celebrated the 10th anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY), highlighting its significant impact on financial inclusion in India. The scheme has enabled over 53 crore individuals to open bank accounts, with deposits exceeding ₹2.3 lakh crore and a substantial participation of women and rural residents. Modi emphasized that the initiative has democratized financial services, boosted digital transactions, and facilitated direct benefit transfers (DBT). Despite its success, Congress leader P. Chidambaram claimed the scheme was a rebranded version of a previous UPA-era initiative. Finance Minister Nirmala Sitharaman announced plans to open an additional 3 crore accounts in the current fiscal year, reinforcing the government's commitment to financial inclusion. The JAM Trinity (Jan Dhan, Aadhaar, Mobile) has further amplified the scheme’s reach and impact.