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India's PM Jan Dhan Yojana crosses 59 crore accounts, deposits hit ₹3.17 lakh cr
The finance ministry says 78% of accounts were opened in rural and semi-urban areas, and about 56% are held by women. Average deposits per account have risen 3.4 times in 12 years.
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Pradhan Mantri Jan Dhan Yojana has completed 12 years with 59 crore bank accounts and ₹3.17 lakh crore in deposits, the finance ministry said on Thursday.
Launched on August 28, 2014 by Prime Minister Narendra Modi, the scheme targets unbanked and economically disadvantaged populations. The ministry said 78% of accounts were opened in rural and semi-urban areas, and about 56% are held by women.
The average deposit per account stood at ₹5,356 as of August 19, 2026, according to the ministry. That figure has risen 3.4 times over 12 years, which the ministry called "another indication of the increased usage of accounts and the inculcation of saving habits among account holders."
Union Minister of State for Finance Pankaj Chaudhary said the program's success "should not be viewed merely in terms of the number of accounts opened, but in its transformation of the country's banking and financial landscape." He added that "account ownership has enabled the common man to have insurance and pension coverage" and that "relentless saturation drives across every state and district" have moved the country "towards near-universal coverage of bank accounts."