As of August 2023, the Pradhan Mantri Jan-Dhan Yojana in India had over 14 million beneficiaries at major private sector banks. ICICI Bank Ltd had the highest number of beneficiaries with over four million recipients, followed by HDFC Bank Ltd with nearly three million recipients during the measured time period.
The Pradhan Mantri Jan-Dhan Yojana was a financial inclusion program which was applicable citizens between 18 and 65 years old. It aimed to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions. Launched in August 2014, the scheme was criticized by the opposition as an effort to please voters that has created unnecessary work-burden on public-sector banks. It claimed that the poor deserved food more than bank accounts and financial security.
Number of Pradhan Mantri Jan-Dhan Yojana recipients in India as of August 2023, by major private bank
(in millions)
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PMJDY. (August 2, 2023). Number of Pradhan Mantri Jan-Dhan Yojana recipients in India as of August 2023, by major private bank (in millions) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/983810/pmjdy-private-bank-recipients-india/
PMJDY. "Number of Pradhan Mantri Jan-Dhan Yojana recipients in India as of August 2023, by major private bank (in millions)." Chart. August 2, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/983810/pmjdy-private-bank-recipients-india/
PMJDY. (2023). Number of Pradhan Mantri Jan-Dhan Yojana recipients in India as of August 2023, by major private bank (in millions). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/983810/pmjdy-private-bank-recipients-india/
PMJDY. "Number of Pradhan Mantri Jan-dhan Yojana Recipients in India as of August 2023, by Major Private Bank (in Millions)." Statista, Statista Inc., 2 Aug 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/983810/pmjdy-private-bank-recipients-india/
PMJDY, Number of Pradhan Mantri Jan-Dhan Yojana recipients in India as of August 2023, by major private bank (in millions) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/983810/pmjdy-private-bank-recipients-india/ (last visited September 20, 2024)
Number of Pradhan Mantri Jan-Dhan Yojana recipients in India as of August 2023, by major private bank (in millions) [Graph], PMJDY, August 2, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/983810/pmjdy-private-bank-recipients-india/