Perspective of people Towards Financial inclusion and pradhan mantri jan dhan yojana

Abstract

Financial inclusion has emerged as a pivotal strategy for promoting equitable economic growth by providing access to financial services for all sections of society, especially the underserved and marginalized. In India, the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, has been a landmark initiative aimed at achieving universal access to banking services, including savings accounts, credit, insurance, and pension facilities. This study explores the perspective of people towards financial inclusion and the PMJDY, examining awareness, adoption, usage patterns, and perceived benefits of the scheme. The primary purpose of this study is to explore the perspective of people towards financial inclusion in India and to examine the effectiveness of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in facilitating access to formal financial services. Financial inclusion plays a crucial role in promoting economic equality by ensuring that all sections of society, particularly the underserved and marginalized, can access banking, credit, insurance, and pension facilities. This study seeks to understand how individuals perceive and engage with these services under the PMJDY framework.