Abstract

India is country where worlds second largest population are using internet, but when we look at number of bank account they show bad figure. Before the launching of PMJDY, 60% to 65% populations was unbanked. Only 35% to 40% were having a bank account. So for financial development of these peoples, growth of economy, ensure financial services to everyone, there is need of a strong policy with good implementation which can give maximum output. There is need of financial Inclusion. One of the main reasons of poverty in India is financial exclusion also. Financial inclusion is the essence for the sustainable economic growth and development of the country. Without Financial Inclusion we cannot think of economic development because a large chunk of total population remains outside the growth process. It will solve the problem of financial Untouchability. Indian government and Reserve Bank of India (RBI) are trying from so many years to bring all the people in the ambit of banking. On the eve of 68th Independence Day, Prime Minister Narendra Modi publicized œPradhan Mantri Jan Dhan Yojana to reduce financial Untouchability by including millions of people in the financial mainstream. This paper aims to identify the performance of previous financial inclusion schemes, and problems and challenges associated with this PMJDY for ending the Financial Untouchability. Vikash Chand Jayasawal"Pradhan Mantri Jan Dhan Yojana: Finance for all to end œFinancial Untouchability" True or Myth" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-4 , June 2018, URL: http://www.ijtsrd.com/papers/ijtsrd11181.pdf http://www.ijtsrd.com/economics/development-economics/11181/pradhan-mantri-jan-dhan-yojana-finance-for-all-to-end-œfinancial-untouchability-true-or-myth/vikash-chand-jayasawal

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