A Decade of PM Jan Dhan Yojna: Its Review from Various Aspects

Abstract The Jan Dhan Yojana is one of the world’s largest and most effective financial inclusion plan. It has contributed a lot to the inclusive development of all sections of the society especially the under privileged section. In the success of this plan many of Bank Mitras are working in rural and remote areas to connect millions of people to the banking system. The biggest benefit of the bank accounts opened under Jan Dhan Yojana is that it helped to prevent the money leakage. For this government established the strong and middleman free money transfer network through the trinity of Jan Dhan, Aadhaar, Mobile (JAM). This prevented fraudulent transaction by middlemen at all level and ensure the security of government funds. Today benefits of various government schemes such as subsidies, scholarships, pensions, disaster reliefs are being directly transferred to beneficiaries’ bank accounts. This unpredicted outreach has not only expanded financial access but also empowered marginalized communities by integrating them into the formal economy. The program’s role during demonetization and subsequent digital payment expansion highlights its adaptability and relevance in India’s evolving financial ecosystem.