Table 1

India PMJDY financial inclusion scheme timeline

YearTimeline of events
15th August 2014PMJDY was announced by Prime Minister Shri Narendra Modi
22nd August 20158.17 crore beneficiaries were enrolled under the Pradhan Mantri Suraksha Bima Yojana and 2.76 crore have been enrolled under Pradhan Mantri Jeevan Jyoti Bima Yojana. 6.83 lakh account holders were enrolled under Atal Pension Yojana
28th August 2014Mega launch of PMJDY across the country
23 to 29 August 2014Guinness World Record recognised the achievements made under PMJDY for opening 18,096,130 accounts by banks in a week as a part of the financial inclusion campaign
September 2014 to August 2015The zero balance PMJDY accounts decreased from 76% to 45.74%
September 2014 to April 2015147,418 students in 2,567 schools/college were trained on financial literacy
November 2014 to July 2015Transfer of subsidy of more than Rs 17,446 crore through Jan Dhan accounts
26th January 2015The target of opening one account per household was achieved
June 2015More than Rs 4,273 crore wage payments have been routed through these PMJDY accounts
Source(s): Press Information Bureau, Ministry of Finance, Government of India (Link to the website)

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