Jan Dhan Yojana gave people the power to script their own destiny: PM Narendra Modi

Prime Minister Narendra Modi on Thursday said that the PM Jan Dhan Yojana “enhanced dignity” and gave people the power to script their own destiny.

“When the last mile is financially connected, the entire nation moves forward together. That is exactly what the PM Jan Dhan Yojana achieved. It enhanced dignity and gave people the power to script their own destiny,” PM Modi said in a post on X.

Over the last 11 years, more than 56 crore Jan Dhan accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), clocking a total deposit balance of ₹2.68 lakh crore.

As on August 13, 2025, the average deposit per Jan Dhan account is ₹4,768, the ministry of finance said in a statement. “The average deposit per account has increased by 3.7 times compared to August 2015. Increase in average deposit is another indication of increased usage of accounts and inculcation of saving habits among account holders.”

PMJDY’s success is driven by its mission-mode approach, regulatory backing, public-private partnerships, and the integration of digital public infrastructure like Aadhaar for biometric verification, the ministry said. “It has enabled savings and credit access for those previously excluded from formal finance. With visible saving patterns, account holders are also availing loans, including Mudra loans thereby empowering individuals to grow their incomes and build financial resilience.”

“As PMJDY enters its 12th year, it continues to be a beacon of inclusive growth, digital innovation, and economic empowerment. Its enduring success reflects India’s commitment to ensuring that no citizen is left behind in the journey towards financial independence,” the statement said.

Total deposit balances under Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts have reached ₹2.68 lakh crore. While the number of accounts has increased threefold, the total deposits have grown by approximately 12 times.

The government said that banks are organising camps from July 1, 2025 to September 30, 2025 to update KYC details, open new accounts, and promote micro-insurance and pension schemes. “Continued emphasis is being laid on educating account holders to maximise the use of banking services and prevent dormancy,” it added.

Banks are also making efforts to reduce inoperative accounts under PMJDY by contacting account holders, the finance ministry said.

“The Jan-Dhan-Aadhaar-Mobile (JAM) trinity, with PMJDY at its core, has proven to be a diversion-proof mechanism for subsidy delivery. Through JAM, the government has successfully transferred welfare benefits directly into the bank accounts of the underprivileged, eliminating intermediaries and delays. During financial year 2024-25 a total of ₹6.9 lakh crore was credited to bank accounts under various DBT schemes,” the finance ministry said.