+
550.02 Mn Jan-Dhan Accounts Opened Till March 7
ECONOMY & POLICY

550.02 Mn Jan-Dhan Accounts Opened Till March 7

The Government initiated the National Mission for Financial Inclusion (NMFI), namely the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August, 2014 to provide universal banking services for every unbanked adult based on the guiding principles of banking the unbanked, securing the unsecured, funding the unfunded and serving unserved and underserved areas. A total of 550.02 million Jan-Dhan accounts have been opened till 07.03.2025, out of which, 360.63 million accounts are in rural and semi-urban areas.

In addition to the PMJDY, the following schemes have also been launched to provide affordable financial services for all, especially marginalised and underserved populations:

  • Pradhan Mantri Suraksha Bima Yojana (PMSBY): The Scheme is a one-year personal accident insurance scheme, renewable from year to year, offering coverage of Rs 2 lakh for death or permanent total disability and Rs 1 lakh for permanent partial disability due to an accident at a premium of Rs 20/- per annum. It is available to people in the age group of 18 to 70 years having a bank account who give their consent to join the scheme.
  • As on 07.03.2025, cumulative enrolment under PMSBY is 50.30 crore.

  • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): The Scheme is a one-year life insurance scheme, renewable from year to year, offering coverage of Rs Two lakh for death due to any reason at a premium of Rs 436 per annum and is available to people in the age group of 18 to 50 years having a bank account who give their consent to join the scheme.
  • As on 07.03.2025, cumulative enrolment under PMJJBY is 230.21 million.

  • Atal Pension Yojana: The Scheme aims to provide monthly pension to eligible subscribers with age limit of 18 to 40 years not covered under any organized pension Scheme. Under this scheme, the subscribers would receive the fixed minimum pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000 and Rs 5000 per month, at the age of 60 years, depending on the contributions.
  • As on 07.03.2025, enrolments under this scheme are 70.49 million.

  • Pradhan Mantri Mudra Yojana (PMMY): The Scheme provides access to institutional finance to micro/small business units up to Rs.20 lakh for income generating activities such as manufacturing, trading, services, activities allied to agriculture.
  • As on 28.02.2025, 52.07 crore loans amounting to Rs. 33.19 lakh crore have been sanctioned since inception of the Scheme.

  • Stand Up India Scheme (SUPI): The Scheme aims to promote entrepreneurship among people from Schedule caste/Schedule tribe and woman. The Scheme facilitates bank loans between Rs 1 million and Rs 10 million to one Scheduled Caste/ Scheduled Tribe borrower and one-woman borrower per bank branch of Scheduled Commercial Banks for setting up greenfield enterprises in trading, manufacturing and services sector.
  • As on 07.03.2025, 2.67 lakh loans amounting to Rs 605.04 billion have been sanctioned since inception of the Scheme.

  • PM Vishwakarma Scheme: The Scheme, launched on 17.09.2023, is being administered jointly by Ministry of Small & Medium Enterprises (MSME) and Ministry of Skill Development & Enterprises and Department of Financial Services. It aims to provide end-to end holistic support to traditional artists and craftspeople engaged in 18 identified trades through access to skill training, collateral-free credit, modern tools, market linkage support and incentive for digital transactions.
  • Prime Minister Street Vendor's Atma Nirbhar Nidhi (PMSVANidhi): The Scheme is being administered by Ministry of Housing & Urban Affairs (MoHUA). It was launched on June 01, 2020 with the main objective of providing relief to street vendors affected by Covid-19 lockdown. The Scheme envisages empowering street vendors by not only extending loans to them but also for their holistic economic development.
  • Further, from time to time, camps are conducted at village level to promote awareness about various financial inclusion schemes and to enrol more people under these schemes.

    This information was given by Minister of State in the Ministry of Finance Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.

    News source: PIB

    The Government initiated the National Mission for Financial Inclusion (NMFI), namely the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August, 2014 to provide universal banking services for every unbanked adult based on the guiding principles of banking the unbanked, securing the unsecured, funding the unfunded and serving unserved and underserved areas. A total of 550.02 million Jan-Dhan accounts have been opened till 07.03.2025, out of which, 360.63 million accounts are in rural and semi-urban areas. In addition to the PMJDY, the following schemes have also been launched to provide affordable financial services for all, especially marginalised and underserved populations: Pradhan Mantri Suraksha Bima Yojana (PMSBY): The Scheme is a one-year personal accident insurance scheme, renewable from year to year, offering coverage of Rs 2 lakh for death or permanent total disability and Rs 1 lakh for permanent partial disability due to an accident at a premium of Rs 20/- per annum. It is available to people in the age group of 18 to 70 years having a bank account who give their consent to join the scheme. As on 07.03.2025, cumulative enrolment under PMSBY is 50.30 crore. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): The Scheme is a one-year life insurance scheme, renewable from year to year, offering coverage of Rs Two lakh for death due to any reason at a premium of Rs 436 per annum and is available to people in the age group of 18 to 50 years having a bank account who give their consent to join the scheme. As on 07.03.2025, cumulative enrolment under PMJJBY is 230.21 million. Atal Pension Yojana: The Scheme aims to provide monthly pension to eligible subscribers with age limit of 18 to 40 years not covered under any organized pension Scheme. Under this scheme, the subscribers would receive the fixed minimum pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000 and Rs 5000 per month, at the age of 60 years, depending on the contributions. As on 07.03.2025, enrolments under this scheme are 70.49 million. Pradhan Mantri Mudra Yojana (PMMY): The Scheme provides access to institutional finance to micro/small business units up to Rs.20 lakh for income generating activities such as manufacturing, trading, services, activities allied to agriculture. As on 28.02.2025, 52.07 crore loans amounting to Rs. 33.19 lakh crore have been sanctioned since inception of the Scheme. Stand Up India Scheme (SUPI): The Scheme aims to promote entrepreneurship among people from Schedule caste/Schedule tribe and woman. The Scheme facilitates bank loans between Rs 1 million and Rs 10 million to one Scheduled Caste/ Scheduled Tribe borrower and one-woman borrower per bank branch of Scheduled Commercial Banks for setting up greenfield enterprises in trading, manufacturing and services sector. As on 07.03.2025, 2.67 lakh loans amounting to Rs 605.04 billion have been sanctioned since inception of the Scheme. PM Vishwakarma Scheme: The Scheme, launched on 17.09.2023, is being administered jointly by Ministry of Small & Medium Enterprises (MSME) and Ministry of Skill Development & Enterprises and Department of Financial Services. It aims to provide end-to end holistic support to traditional artists and craftspeople engaged in 18 identified trades through access to skill training, collateral-free credit, modern tools, market linkage support and incentive for digital transactions.Prime Minister Street Vendor's Atma Nirbhar Nidhi (PMSVANidhi): The Scheme is being administered by Ministry of Housing & Urban Affairs (MoHUA). It was launched on June 01, 2020 with the main objective of providing relief to street vendors affected by Covid-19 lockdown. The Scheme envisages empowering street vendors by not only extending loans to them but also for their holistic economic development. Further, from time to time, camps are conducted at village level to promote awareness about various financial inclusion schemes and to enrol more people under these schemes. This information was given by Minister of State in the Ministry of Finance Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. News source: PIB

    Next Story
    Real Estate

    Manglam, Fern Hotels Sign 200+ Key Apart’otel in Jaipur’s Pinkwalk

    Manglam Group has signed a 200+ key serviced apart’otel under the Fern Habitat brand in Jaipur, marking a key milestone in its Rs 10 billion hospitality investment strategy. Located within Pinkwalk, Manglam’s flagship mixed-use development in Jagatpura, the project will cater to both short and extended-stay travellers with apartment-style units paired with hotel services. The Fern Habitat Pinkwalk will offer fully serviced accommodations with kitchenettes, daily housekeeping, and on-site dining. The concept blends the independence of apartment living with the comfort of hotel-grade am..

    Next Story
    Real Estate

    Schon Doorways Launches Monsoon-Ready Aluminium Casement Windows

    Schon Doorways, a premium player in doors and window solutions, has launched its new range of aluminium casement and sliding windows, designed specifically to endure the Indian monsoon. Engineered with high-performance tempered glass and ultra-slim aluminium profiles, the windows combine aesthetic appeal with monsoon resilience. Available in single and double track options, the windows offer anti-collision strips, flyscreens, and high load-bearing strength—providing protection against heavy rains, strong winds, and pests. Wall thickness ranges from 1.6 mm to 5.00 mm, offering flexibilit..

    Next Story
    Resources

    LG Charts Global HVAC Leadership With AI, Acquisitions and Localisation

    LG Electronics has unveiled a strategic roadmap to transform its ES Company into a top-tier global HVAC solutions provider by 2030, targeting KRW 20 trillion in revenue. The plan, announced at LG Sciencepark, South Korea, focuses on expanding B2B industrial sales, advancing AI-based technologies for data centres, and strengthening localised operations across key regions. Central to LG’s roadmap is growth in the fast-expanding data centre cooling segment. With the global chiller market projected to reach USD 12 billion by 2027, LG aims for KRW 1 trillion in sales by 2027. The company has..

    Advertisement

    Advertisement

    Subscribe to Our Newsletter

    Get daily newsletters around different themes from Construction world.

    STAY CONNECTED

    Advertisement

    Advertisement

    Advertisement

    Advertisement

    Talk to us?