Pradhan Mantri Jan-Dhan Yojana | Women hold more than 50% of the accounts  10/18/2020 13:31:20 

More than half of bank accounts under the Pradhan Mantri Jan-Dhan Yojana (PMJDY) are held by women beneficiaries, according to an RTI reply.

However, there is no gender-wise data when it comes to amount held by women and men account holders.

The number of accounts till September 9, 2020, under PMJDY was 40.63 crore, of which 22.44 crore accounts were held by women and 18.19 crore by men, said the RTI reply to Madhya Pradesh-based activist Chandra Shekhar Gaur.

The deposits in these PMJDY accounts witnessed an 8.5% rise till early September of the current fiscal year to nearly 1.30 lakh crore, according to the information provided by the Finance Ministry.

The total balance under the PMJDY accounts on April 1, 2020, was 1,19,680.86 crore, which grew by 8.5% to 1,29,811.06 crore by September 9, 2020, the government said in the Right to Information (RTI) query.

However, according to the data furnished by the Ministry, no separate data has been formed with respect to amount held by women and men account holders.

In response to a query on the number of accounts with zero balance, the RTI reply said as many as 3.01 crore accounts had no balance as of September 9, 2020.

There is no separate data on zero balance account gender wise, the Ministry added.

According to the latest data available on government website,, there are 40.98 crore beneficiaries with 1,30,360.53 crore balance as on October 7, 2020.

Of these, public sector banks (PSBs) have opened the maximum number of PMJDY accounts at 32.48 crore accounting for 1,00,869.65 crore balance.

Regional rural banks have as many as 7.24 crore beneficiaries (25,509.05 crore) while private sector banks have miniscule 1.27 crore accounts (3,981.83 crore).

Pradhan Mantri Jan-Dhan Yojana was launched in August 2014 under the National Mission for Financial Inclusion.

Initially it was for a period of four years (in two phases). It was extended beyond August 2018 with change in focus on opening accounts from every household with some modifications such as revision in overdraft (OD) facility to 10,000 from 5,000; non-conditional OD facility for amount up to 2,000 and revision in age limit for OD from 18-60 years to 18-65 years.

Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism

Dear subscriber,

Thank you!

Your support for our journalism is invaluable. Its a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.

The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.

We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.

Suresh Nambath

« Go back