A Nationwide Comparative Study on Financial Inclusion through PMJDY


  • Sagnik Maity Research Scholar, University of Calcutta, West Bengal, India
  • Dr. Amit Majumder Associate Professor, Bijoy Krishna Girls’ College, West Bengal, India




financial inclusion, fii, inverse euclidean distance, banking, states, pmjdy


Purpose - Financial inclusion refers to the provision of affordable financial products and services to all members of society without any discrimination. ‘Pradhan Mantri Jan-Dhan Yojana’ is a government scheme to provide a zero-balance account to every citizen in India.

Methodology- This study creates a financial inclusion index based on three dimensions: banking penetration, disbursement, and services. And distributed states as per their index score in three levels: high, middle, and low. There is a continuum from 0 (no inclusion) to 1 (complete inclusion).

Findings- The study finds that six out of 37 states showed high progress in financial inclusion, 14 came under the middle level, and 17 went to the low level. Chhattisgarh scored high on in index, while Puducherry had the lowest score.

Originality- This study will help the policymakers and regulators make the structural framework for low-inclusion states. This study may be unique in the field of evaluating the effectiveness of the PMJDY plan in states as per targeted population.


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How to Cite

Sagnik Maity, & Dr. Amit Majumder. (2024). A Nationwide Comparative Study on Financial Inclusion through PMJDY. Management Journal for Advanced Research, 4(3), 10–21. https://doi.org/10.5281/zenodo.12493037