An Analysis of Pradhan Mantri Jan Dhan Yojana (Pmjdy) in Bangalore Rural District

Author(s): Dr. MN Prakasha

Abstract:

Financial inclusion ensures that marginalized households gain access to formal banking services such as deposits, credit, insurance, pensions, and safe fund transfers. Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, is a flagship mission to provide every household with a bank account and access to financial products. Bangalore Rural district, despite its proximity to Bengaluru city, remains largely agrarian with 72% of its population living in villages. Income disparities, dependence on agriculture, and limited collateral restrict access to formal credit. PMJDY has emerged as a transformative initiative, enabling rural households to open zero balance accounts, receive RuPay debit cards, and access insurance schemes. This paper analyzes the current status of PMJDY in Bangalore Rural, its role in promoting financial inclusion, and its socio economic impact.

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