Government Plans for Financial Inclusion: Opening More Accounts Under 3 Suraksha Yojnas

The Ministry of Finance has announced that over 1.4 lakh new accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have been opened between July 1 and July 14, 2025.

This surge highlights the growing public interest in basic banking services and government-backed social security schemes.

According to The Economic Times, this increase also includes thousands of new enrollments in complementary schemes such as the Pradhan Mantri Suraksha Bima Yojana (PMSBY), the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and the Atal Pension Yojana (APY), demonstrating a growing awareness of financial protection among low-income groups.

Jan Dhan Push: What the Numbers Say?

Since July 1, 2025, nearly 1.4 lakh new PMJDY accounts have been added. Alongside, the ministry noted:

66,494 accounts saw updated nomination details
96,383 inactive accounts underwent KYC re-verification

This reflects the government’s active monitoring and upgrading of its financial inclusion databases to ensure account usability and compliance.

Government Clarification on Dormant Accounts

Amid recent media reports suggesting the closure of inactive Jan Dhan accounts, the Department of Financial Services (DFS) under the Ministry of Finance issued a clarification:

“In connection with reports appearing in the media that the Department of Financial Services (DFS), Ministry of Finance, has asked banks to close inactive PM Jan Dhan Yojana accounts, the DFS has clarified that it has not asked banks to close inactive PM Jan Dhan Yojana accounts,” the Finance Ministry said.

Instead, the ministry emphasised that efforts are being made to strengthen account usage through KYC verification and nominee addition, not account deactivation.

Difference Between PMJDY, PMSBY, PMJJBY, and APY

Here's a comparative snapshot of PMJDY and its allied schemes:

Scheme	Objective	Eligibility	Premium / Contribution	Benefit
PM Jan Dhan Yojana (PMJDY)	Financial inclusion via basic accounts	Indian citizen, age 10+	Nil	Bank account with zero balance, RuPay card
PMSBY	Accidental insurance	Age 18–70, PMJDY account	₹20/year	₹2 lakh accidental death/disability cover
PMJJBY	Life insurance	Age 18–50, PMJDY account	₹436/year	₹2 lakh life cover on death
Atal Pension Yojana (APY)	Pension for unorganised workers	Age 18–40, bank account	₹42–₹1,454 monthly*	Monthly pension (₹1,000–₹5,000) at 60 years

There are different amounts based on age and other parameters.

How to Apply for PMJDY: Pradhan Mantri Jan Dhan Yojana

Eligibility:

Indian citizens above 10 years of age
No existing bank account required

Application Steps:

Visit your nearest bank branch participating in PMJDY.
Fill the PMJDY account opening form (available online or at the branch).
Submit basic KYC documents (Aadhaar, Voter ID, etc.).
An account will be opened with a zero balance; a RuPay debit card and passbook will be issued.
Nomination details can be updated during or after account opening.

How to Apply for PMSBY & PMJJBY: Insurance Made Simple

Eligibility (PMSBY):

Age 18–70 years
Bank account holder (preferably PMJDY)

Eligibility (PMJJBY):

Age 18–50 years
Bank account holder (preferably PMJDY)

Steps to Apply (Both Schemes):

Visit your bank or log into your mobile banking app.
Choose to enroll in PMSBY/PMJJBY from the insurance section.
Consent for auto-debit of premium from your account.
Receive confirmation via SMS/email.

Annual renewals are automatic unless canceled by the account holder.

How to Apply for APY: Atal Pension Yojana

Eligibility:

Indian citizens aged 18 to 40 years
Must have a savings bank account

Steps to Enroll:

Visit your bank branch or APY-enabled digital platform (mobile app/net banking).
Fill the APY enrollment form with details such as age, pension amount, and nominee.
Submit Aadhaar and bank passbook for KYC.
Select auto-debit option for monthly contributions.
Get enrollment confirmation from PFRDA.

Conclusion

This initiative to bring banks at the doors of every person points towards a new nation. The opening of 1.4 lakh new Jan Dhan accounts in just two weeks signals strong momentum, especially among underserved sections.

The clarification regarding dormant accounts further reflects the Finance Ministry's transparent and inclusive intent.

With simplified digital and offline enrollment processes across all five schemes, PMJDY, PMSBY, PMJJBY, and APY, citizens now have easy access to affordable insurance, banking, and pension solutions.

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