Number of PMJDY recipients in India 2020 by major private bank

The Pradhan Mantri Jan-Dhan Yojana had over one million beneficiaries in the major private sector banks as of May 2020 in India. ICICI Bank Ltd had the highest number of beneficiaries of over 470 thousand recipients, followed by HDFC Bank Ltd with over 240 thousand recipients during the measured time period.

The Pradhan Mantri Jan-Dhan Yojana was a financial inclusion program which was applicable citizens between 18 and 65 years old. It aimed to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions. Launched in August 2014, the scheme was criticized by the opposition as an effort to please voters that has created unnecessary work-burden on public-sector banks. It claimed that the poor deserved food more than bank accounts and financial security.

Number of Pradhan Mantri Jan-Dhan Yojana recipients in India as of May 2020, by major private bank

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Release date

May 2020



Survey time period

as of May 27, 2020

Supplementary notes

Values have been rounded.

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