Pradhan Mantri Jan Dhan Yojana

Abstract

The performance by public sector banks under PMJDY has been phenomenal, and is yet another example of a sparkling performance by PSBs who have been the mainstay of all social development programmes of the government since the nationalisation of banks in 1969. There is an urgent need for the government to undertake an exercise to compute the implementation cost incurred by the banks and compensate the banks appropriately.