Role of Pradhan Mantri Jan Dhan Yojana in Financial Inclusion A case study of Varanasi District

Abstract

Empowerment especially in terms of finance for poor and marginalized sections has been prime newlineobjective of the Central Government during successive five year plans. Accordingly, in order newlineto empower financially to the poor and marginalized sections of the society, several schemes newlineas (i) Integrated Rural Development Program (IRDP) -(1980), (ii) National Maternity Benefit newlineScheme (1995), (iii) National old age Pension Scheme (1995), (iv) National Family Benefit newlineScheme (1995), (v) Jawahar Gram Samridhi Yojana (1999), (vi) Annapurna Scheme (2000), newline(vii) From Jan Dhan to Jan Suraksha (2015), (viii) Pradhan Mantri Jeevan Jyoti Bima Yojana newline(2015), (ix) Pradhan Mantri Suraksha Bima Yojana (2015), (x) Atal Pension Yojana, (xi) newlinePradhan Mantri Mudra Yojana (2015), (xii) Stand UP India Scheme (2016), (xiii) Pradhan newlineMantri Vaya Vandana Yojana, and many more have been introduced from time to time. Pradhan newlineMantri Jan- Dhan Yojana (PMJDY) is India s national mission which has been introduced to newlineensure financial services, namely banking services and deposit accounts, remittance, credit newlineinsurance, pension in an affordable manner. This financial inclusion campaign was launched newlineby Honorable Prime Minister of India, Narendra Modi Ji on 28 August 2014. The main newlineobjective of PMJDY is to provide access to people to various financial services like credit newlinefacility, overdraft facility, savings facility, life and accidental insurance. PMJDY is a mission newlineto provide financial inclusion to all the people of country. The plan envisages universal access newlineof at least one bank account to all the people of the country. In the present study entitled Role newlineof Pradhan Mantri Jan-Dhan Yojana in financial inclusion: A case study of Varanasi District , newlinean attempt has been made to examine impact of PMJDY scheme on financial inclusion in India, newlinein general and in Varanasi district, in particular newline