Paper Title
Augmenting Financial Inclusion through Pradhan Mantri Jan Dhan Yojana
Abstract
Financial inclusion widens the resource base of financial system by developing a culture of savings among large
segment of rural population and plays its own role in the process of economic development. The National Mission on
Financial Inclusion is a recent initiative and has a goal oriented idea of covering all households in the country with banking
facilities. PMJDY is a scheme that cumulates all other previous efforts taken in the direction of financial inclusion- like
Kisan credit card, micro insurance, Business correspondent model micro pension etc. - with broader scope and targeting both
rural as well as urban household. In the present study, secondary data on PMJDY in India, Uttarakhand and district Udham
Singh Nagar were studied along with analysis of primary data of the district. The progress of PMJDY in India and
Uttarakhand has shown impressive figures, covering 100% targeted households in Uttarakhand which shows that scheme has
gained momentum in short span of time.
Keywords - Banking, Financial Inclusion, PMJDY