International Journal of Commerce and Economics

authors
Dr. Ambanna Malkappa

abstract
In present era, as India have huge population but a big section of the society including weaker section people and people living in backward areas or rural areas does not have access to the financial system of the country, even most of the people belong to this category are not aware about the services provided by banks in India. For dealing with this gap Prime Minister of India recently launched Pradhan Mantri Jan Dhan Yojana (PMJDY) with the aim to get rid of financial un-touchability, help to eradicate poverty and encourage Indian households to save more. Thus, present study focuses on to know the implementation and benefits of Pradhan Mantri Jan Dhan Yojan, to understand the progress of Pradhan Mantri Jan Dhan Yojana, to study the challenges of Pradhan Mantri Jan Dhan Yojana and to make suggestions for effective implementation of the scheme.