Can Jan Dhan Yojana achieve financial inclusion?

Sinha, Dipa and Azad, Rohit (2018) Can Jan Dhan Yojana achieve financial inclusion? [Publications (Pre-joining)]

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Abstract

While there has been a tremendous increase in the number of bank accounts opened, the data show that the average balance in these accounts is low and a significant proportion of the accounts are inoperative. Although there was a rise in the average deposits during demonetisation, they later settled at a lower level. Further, financial inclusion means not just the opening of bank accounts but, more importantly, access to credit from formal sources. The limited data available in this regard show that after the Pradhan Mantri Jan Dhan Yojana was launched there has not been any increase in the credit–deposit ratio and the share of small loans has continued to decline. Very few people have benefited from the overdraft facility that is supposed to be provided by the accounts under the scheme. Issues of access to banking in rural areas remain.

Item Type:	Publications (Pre-joining)
Authors:	Sinha, Dipa and Azad, Rohit
Document Language:	Language English
Uncontrolled Keywords:	Money, Banking, Finance, Financial Inclusion, Pradhan Mantri Jan Dhan Yojana, PMJDY, Credit Market
Subjects:	Social sciences > Economics > Financial economics Social sciences > Public administration > Administration of economy & environment
Divisions:	Azim Premji University - Bengaluru > University Publications > Centre for the Study of the Indian Economy (CSIE)
Full Text Status:	Restricted
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/6675
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