Page 21 - NIS English 16-31 Aug, 2026
P. 21
Years
Jan Dhan Yojana
Cover
Story
The Jan Dhan Yojana is a
milestone in the journey
4 to empower our citizens.
The transfer of immediate ex-gratia
relief amounts to female account Through this initiative, we
holders became possible during the have brought millions into the
COVID-19 pandemic. financial mainstream, ensuring
a rightful place for every Indian
₹30,600 Narendra Modi, Prime Minister
in our evolving economy.
crore Assistance was provided during
COVID-19 to 20.40 crore women
holding PMJDY accounts in the form
of a monthly sum of ₹500, distributed
in three consecutive instalments. with opportunities for self-reliance and a role in their
families’ financial decision-making. The mindset and
habit of saving have gained a formal banking foun-
14.17+ dation; saving through banks has instilled a distinct
sense of security. Furthermore, during the COVID-
19 pandemic, the central government was able to
transfer financial aid directly to women’s accounts
crore LPG cylinders were provided
to approximately 8 crore beneficiaries precisely because of the Jan Dhan system. One can
easily imagine how difficult it would have been to
through the Pradhan Mantri Ujjwala distribute such aid during the pandemic without
Yojana during COVID-19. A sum these accounts. In essence, Jan Dhan accounts have
of ₹9,670 crore was transferred become a vital mechanism for delivering assistance
directly (DBT) to the beneficiaries as during disasters or crises.
a subsidy for these cylinders. A fifth and significant impact is that populations
in even the most remote villages have become
technologically empowered. These bank accounts
5 have fueled a revolution in digital UPI pay -
It also became a ready ments. RuPay cards and mobile
mechanism for banking have boosted digital
emergency literacy in rural areas as well.
cash India’s UPI has now
transfers emerged as a platform
during other with global recognition.
disasters, such The Jan Dhan Yojana
as floods and
droughts.
