11 Years of Jan Dhan Yojana: From ₹1,000 Balances to ₹2.65 Lakh Crore Deposits — India’s Banking Revolution in Data
Introduction On 28 August 2014, Prime Minister Narendra Modi announced the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY). The promise was simple but ambitious: every household in India should have a bank account. At the time, many economists and bankers were skeptical. Would the poor really use bank accounts? Would they just remain “zero balance”? Was…