Prime Minister Narendra Modi on Wednesday hailed those who worked to make the Jan Dhan Yojana a success and said the scheme has been paramount in boosting financial inclusion.

“Today, we mark a momentous occasion – #10YearsOfJanDhan. Congratulations to all the beneficiaries and compliments to all those who worked to make this scheme a success,” the prime minister said.

The Jan Dhan Yojana has been paramount in boosting financial inclusion and giving dignity to crores of people, especially women, youth, and the marginalised communities, he said.

Finance Minister Nirmala Sitharaman also reacted on the occasion saying that the Jan Dhan was a progressive step for financial inclusion.

“A progressive step was taken on this day 10 years ago for financial inclusion. PM Modi launched this initiative to ensure crores of our people who didn’t benefit from formal coverage of financial services are brought in to benefit,” Sitharaman wrote on X.

PM Jan Dhan Yojana Launch Date

The Pradhan Mantri Jan Dhan Yojana, launched on August 28, 2014, is a national mission on financial inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all households in the country.

“Over 53 crore accounts with over Rs 2.3 lakh crore in deposits is the result of this people’s movement,” FM added.

The plan envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension facility.