Jan Dhan Yojana: Ambitious but Ambiguous Plan
![](https://www.madhyam.org.in/wp-content/uploads/2014/09/JDY2-339x270.jpg)
Jan Dhan Yojana (People’s Wealth Plan) – an ambitious financial inclusion program – was launched amid much fanfare in India on 28th August, 2014. The initial target of Jan Dhan Yojana is to cover 75 million unbanked households by 26th January, 2015. The government claims that on the inaugural day, a record 15 million bank accounts were opened across the country under this initiative. Nowhere else in the world, such a large number of bank accounts have been opened on a single day. In less than a month, nearly 40 million accounts have been opened under this initiative.
The Jan Dhan Yojana (JDY) would be…