Over 54.5 Crore Jan Dhan Accounts Opened till Jan 15
As of January 15, 2025, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has surpassed a significant milestone, with over 54.58 crore bank accounts opened. What makes this achievement even more remarkable is that 55.7% of these accounts belong to women, highlighting the scheme’s role in promoting financial inclusion, especially among marginalized communities. Since its launch in August 2014, PMJDY has transformed from a basic financial access initiative into a foundation for various government welfare programs, social security schemes, and digital transactions.
PMJDY started with the goal of providing every unbanked household with a basic savings account, debit card, and access to banking services. Over the years, it has evolved, ensuring that every unbanked adult also benefits. According to official data, 30.37 crore women have opened accounts under this scheme, strengthening their economic participation.
Additionally, the scheme has played a key role in integrating financial services such as insurance, pensions, and direct benefit transfers (DBT). The initiative has particularly helped in reducing dependency on cash transactions and fostering a habit of savings.
PMJDY accounts have become a gateway for millions to access government-backed social security schemes. According to the latest data:
These figures indicate that women are actively participating in financial security schemes, ensuring better economic stability for families.
One of the key challenges in the past has been the issue of inoperative accounts. As of November 20, 2024, there were 11.30 crore inoperative accounts, collectively holding Rs 14,750 crore. However, government efforts have led to a decline in inoperative accounts in public sector banks, from 39.62% in March 2017 to 20.91% in November 2024 (Source: BFSI Economic Times). Banks are now working on making the reactivation process simpler and more accessible.
Looking ahead, the government has set a target to open another 3 crore PMJDY accounts in the fiscal year 2024-25. The cumulative deposit balance in these accounts stood at Rs 2.3 trillion as of August 14, 2024, and the average balance per account has risen from Rs 1,065 in 2015 to Rs 4,352 in 2024. Around 80% of these accounts are active, showing strong participation in the banking system.
| Topic | Details |
|---|---|
| Why in News? | Over 54.58 crore Jan Dhan accounts opened as of January 15, 2025, with 55.7% held by women. Government targets 3 crore more accounts in FY 2024-25. Deposits stand at Rs 2.3 trillion, with 80% accounts active. |
| Total Jan Dhan Accounts | 54.58 crore |
| Women Account Holders | 30.37 crore (55.7%) |
| Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Enrollments | 22.52 crore (10+ crore women) |
| Pradhan Mantri Suraksha Bima Yojana (PMSBY) Enrollments | 49.12 crore (22.84 crore women) |
| Atal Pension Yojana (APY) Enrollments | 7.25 crore (3.44 crore women) (As of Dec 31, 2024) |
| Inoperative Jan Dhan Accounts | 11.30 crore (As of Nov 20, 2024) |
| Balance in Inoperative Accounts | Rs 14,750 crore |
| Decline in Inoperative Accounts (PSBs) | 39.62% (2017) → 20.91% (Nov 2024) |
| Deposit Balance (PMJDY Accounts) | Rs 2.3 trillion (As of Aug 14, 2024) |
| Average Balance Per Account | Rs 4,352 (Aug 16, 2024) (Up from Rs 1,065 in 2015) |
| Launch Year of PMJDY | August 2014 |
| Objective of PMJDY | Provide banking access to every unbanked household & adult |
| Future Target (2024-25) | 3 crore more accounts to be opened |
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