India’s ambitious financial inclusion drive under the National Mission for Financial Inclusion has recorded significant achievements, with 550.2 million Jan-Dhan accounts opened as of March 7, 2025. Of these, 366.3 million accounts are based in rural and semi-urban areas, reflecting the program’s focus on providing universal banking services to underserved populations.
Launched in August 2014, the Pradhan Mantri Jan Dhan Yojana continues to address the unbanked through its principles of financial accessibility and empowerment. Other complementary schemes have also demonstrated remarkable progress.
The Pradhan Mantri Suraksha Bima Yojana has enrolled 503 million participants, offering affordable accident insurance with coverage up to INR 2 lakh. Similarly, the Pradhan Mantri Jeevan Jyoti Bima Yojana has provided life insurance coverage to 232.1 million subscribers.
In the pension domain, the Atal Pension Yojana has secured 74.9 million enrollments, aiming to provide fixed pensions to individuals not covered by organized pension schemes. The Pradhan Mantri Mudra Yojana has made a notable impact, sanctioning 520.7 million loans worth $398.6 billion to support micro and small enterprises.
The Stand Up India scheme, which promotes entrepreneurship among women and marginalized communities, has sanctioned 267,000 loans amounting to $7.4 billion since its inception. Meanwhile, the PM Vishwakarma Scheme, launched in 2023, supports traditional artisans through skill training, credit access, and market linkage programs. Additionally, the PM Street Vendor’s Atma Nirbhar Nidhi scheme, introduced in 2020, continues to empower street vendors economically.
Outreach initiatives, including village-level camps, further strengthen these programs by raising awareness and ensuring more individuals benefit from the schemes.
