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@article{180825,
        author = {B.SRAVAN CHANDRA},
        title = {Banking the Un-banked: Assessing the Effectiveness of PMJDY},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {1},
        pages = {3432-3436},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=180825},
        abstract = {In this policy review I just mentioned a 
detailed explanation of facts and issues and explained 
challenges in this policy and gave some suggestive 
measures. This policy review is not a biased one and it 
does not criticize both government or public, Under the 
Narendra Modi administration, the Pradhan Mantri 
Jan Dhan Yojana (PMJDY) was introduced on August 
28, 2014, with the goal of enabling cheap access to 
financial services such bank accounts, remittances, 
loans, insurance, and pensions. The goal of this 
program is to promote financial inclusion by bringing 
the economically disadvantaged and impoverished 
segments of society into the formal banking system. 
Millions of new bank accounts have been successfully 
opened by the program since its launch. This review 
highlights obstacles, examines the PMJDY's results, 
and evaluates its implementation. It also suggests 
possible changes to improve the success rate of the plan. 
Even though PMJDY has achieved great progress in 
promoting financial empowerment, issues including 
insufficient financial literacy, unequal service quality, 
and dormant accounts continue to be common. To gain 
understanding of the operational features and effects of 
the PMJDY, our technique includes a thorough review 
of all available data, reports, and academic papers. 
Despite its successes, the PMJDY has faced challenges. 
Initial phases saw issues such as duplicate accounts, 
accounts with little to no activity, and gaps in the 
delivery of benefits like insurance. Furthermore, the 
effective usage of accounts remains a concern, with 
many account holders not fully availing the financial 
services provided. The digital literacy gap in rural and 
semi-urban areas also poses a barrier to maximizing the 
benefits of financial inclusion. In order to optimize the 
policy's 
reach and efficacy, we close with 
recommendations 
that 
centre 
on continued 
participation, increased financial awareness, and 
improved service quality.},
        keywords = {Financial Inclusion, PMJDY, Banking  Accessibility , Government Schemes India, Un-banked  Population, Microfinance, Rural Banking, Digital  India,  Jan  Development},
        month = {June},
        }