What happened
The Ministry of Finance said that Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014 under the National Mission for Financial Inclusion (NMFI), continues to expand access to banking, insurance, pensions, and credit. The government described the mission as aiming to provide universal banking services and to follow the guiding principles of banking the unbanked, securing the unsecured, and funding the unfunded.
Background and earlier position
PMJDY is the flagship financial inclusion programme under NMFI. Its policy logic is to bring households into the formal financial system through bank accounts first, and then connect those accounts to insurance, pension, and credit products. The official update presents the schemes as a package rather than isolated instruments.
What changed now
The Ministry of Finance placed fresh enrolment and account data on record in a written reply in the Rajya Sabha. The update shows continued expansion in account coverage, insurance enrolments, pension enrolments, and institutional credit to micro and small enterprises.
Related current affairs
- Financial Inclusion in India: Banking Every Citizen, Empowering Every Household
- Union Minister Annpurna Devi hails 12 years of Pradhan Mantri Jan-Dhan Yojana
- A future of financial health for every Indian
- Prime Minister highlights transformative impact of Jan Dhan Yojana
- India Post Payments Bank marks 9th Foundation Day; launches DakPay Sound Box for merchants and new digital platforms (Digital Insurance Technology Platform, Digital Mutual Fund Platform)
- THE GIST (summary box for the re-entry rules story)