Name: Sampada Patil & Revati Deshpande
Country: India

Year: 2025
Volume: Volume No: 12, Issue No: 2, Year: 2025 (Special Issue)
Page Number: 130-135
DOI: https://doi.org/10.5281/zenodo.17867275

ABSTRACT:
The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a program to promote financial inclusion in
India, which was started in 2014 and the slogan is Mera Khaata, Bhagya Vidhata (My Account,
Creator of My Destiny). The study assesses the role of PMJDY in increasing access to formal
financial services on the post office network and India Post Payments Bank (IPPB). By midAugust 2025, the scheme had registered more than 56.16 crore bank accounts benefiting women
and rural population, who make 56 and 67 percent of the total bank accounts, respectively.
PMJDY accounts have no minimum balance/requirement, have Ru-Pay debit cards with accident
insurance and overdraft facility, and supports Direct Benefit Transfer (DBT) of government
subsidies. The IPPB integration of PMJDY and the post office network overcomes the
geographical problems of accessing banking services. Nevertheless, the general penetration of
PMJDY is high (53.61 crore accounts by September 2024), although post office managed
accounts are not high.
Key Words: PMJDY, Financial Inclusion, Post Office