2026, Vol. 12, Issue 1, Part A

author(s)
Varda Abhaykumar Vasa

abstract
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014 as India’s premier financial inclusion initiative, has undergone significant evolution to meet the digital demands of 2025. This study explores the current status of PMJDY, focusing on its integration with social security and digital payment ecosystems. As of August 2025, the scheme achieved a major milestone with over 56 crore accounts opened and total deposits exceeding ₹2.68 lakh crore. Notably, 56% of these accounts are held by women, underscoring the scheme's role in gender-focused financial empowerment. While the core features of zero-balance accounts and RuPay debit cards remain central, recent reforms prioritize reducing account dormancy and improving operational efficiency through technology-driven solutions. This research utilizes secondary data from official government sources to analyze account growth, household reporting, and the overall impact of the scheme on India's financial landscape.