As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completed 10 years in August 2024, which ministry oversees its implementation?
Ministry of Finance
The question asks which ministry oversees the implementation of the Pradhan Mantri Jan Dhan Yojana (PMJDY).
The correct answer is the Ministry of Finance.
PMJDY is a financial-inclusion scheme launched in 2014 to provide banking access to every household.
It is implemented by the Department of Financial Services under the Ministry of Finance.
The scheme offers zero-balance bank accounts, RuPay debit cards, overdraft facilities and insurance cover.
By August 2024 the scheme had completed 10 years, with crores of Jan Dhan accounts opened.
Being a banking and financial-inclusion programme, it naturally falls under the Ministry of Finance and not Home Affairs, Agriculture or Defence.
Therefore the PMJDY is overseen by the Ministry of Finance.
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