Status of Pradhan Mantri Jan-Dhan Yojana: A case study of Charadia village in Bhadrak district

Abstract

Pradhan Mantri Jan Dhan Yojana is a nutritional mission for financial inclusion to ensure access to financial services namely, Banking, Savings and Deposit Accounts, Remittance, Credit, Insurance, pension in an affordable manner. It's obeyed is to ensure access of financial products and services at an affordable cost and use of technology to lower। Cost and widen reach. PMJDY has brought the unbanked into the banking system expanded the financial architecture of India and brought financial inclusion to almost every adult. Since the launch of this scheme in 2014, it has created a milestone in bringing millions to the banking sector. This paper tries to study the scheme in details and its progress across as well as in the State of Odisha.