The problem with India's development destination is that although a specific section of the population now has access to banking services, another section still remains disadvantaged. Even basic financial services are still not available to the low income group. In spite of the fact that the banking business is expanding both vertically and horizontally, hence this scheme was started so that everyone can get the benefit. Branch penetration in rural areas is still not commensurate with the growing demand for financial services. Pradhan Mantri Jan Dhan Yojana (PMJDY) is a Government of India financial inclusion program aimed at increasing affordable access for Indian citizens (minors) to financial services such as bank accounts, credit, remittances, insurance and pension. The Prime Minister of India, Narendra Modi, unveiled the scheme in his first Independence Day speech on 15 August 2014, launched this financial inclusion initiative on 28 August 2014.