More more than 50% of PMJDY account holders are women: Ministry of Finance

More more than 50% of PMJDY account holders are women: Ministry of Finance

NEW DELHI: The Ministry of Finance said on Monday that about 55% of total account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY), a government flagship program to promote financial inclusion, are women.

Sharing details of various programs with special provisions for women’s empowerment on International Women’s Day, the ministry said the plans had empowered women to lead better lives and pursue their dreams of entrepreneurship.

As of Feb. 24, 2021, 23.21 crore accounts, out of a total of 41.93 crore accounts opened under the PMJDY program, are owned by female account holders, the ministry said in a statement.

Regarding the Pradhan Mantri MUDRA Yojana (PMMY), he said that around 68% or 19.04 crore accounts with an amount of 6.36 lakh crore (as of February 26, 2021) have been sanctioned to women entrepreneurs in part of the program since its inception. .

The Jan Dhan Yojana, announced by Prime Minister Narendra Modi in his Independence Day speech in 2014, was launched on August 28 of the same year. The program provides for universal access to banking facilities with at least one basic bank account for each household, financial literacy, access to credit, insurance and pensions.

In 2018, the government released PMJDY 2.0 with improved features and benefits. In the new version, the government decided to no longer focus on “All…

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