Pradhan Mantri Jan Dhan Yojna: National Mission for Financial Inclusion

Abstract

Financial stability and prosperity for the entire population are hallmarks of a successful development. The Pradhan Mantri Jan-Dhan Yojana (PMJDY) was launched by the Indian government to fill in the gaps in existing financial inclusion programmes, which have been in place since the country's independence. In order to make banking and insurance available to all of the country's residents, PMJDY has devised a comprehensive financial plan. So, to find out how successful the district's inclusion process is in rural areas, researchers conducted a study. For the study's goals, both primary and secondary data have been acquired. The correlation (r) test can be used to determine the relationship between a person's socioeconomic status and their level of financial inclusion. Findings show that income, access to financial information, and knowledge of PMJDY all play a role in inclusion. The proximity of banks increases the likelihood of inclusion.