Vol. 10, Issue 3, Part C (2024)

Abstract
Financial Inclusion has been a major concern all over the world, because it is necessary for economic development of every country. The main aim of financial inclusion is to include all people in financial system and help them in income generation that leads to increase in savings and investment. In the year 2011, the Government of India gave a serious push to the programme by undertaking the " Swabhimaan "campaign to cover over 74,000 villages, with population more than 2,000 (as per 2001 census), with banking facilities. But Due to low success rate of earlier scheme ‘Pradhan Mantri Jan-Dhan Yojana’ (PMJDY) a new scheme National Mission on Financial Inclusion was announced on 15 August, 2014 to bring about complete financial inclusion of all the households in the country. This paper discusses the deep study of review of the literature on the topic Pradhan Mantri Jan-Dhan Yojana and its progress. This paper represents an exciting theoretical framework that helps in understanding the concept of Financial Inclusion and Pradhan Mantri Jan-Dhan Yojana. This paper used secondary data that was collected from around 20 research papers from various reputed research journals, official websites of govt of india, newspapers and magazines. This paper concluded that that PMJDY has created a remarkable effect in banking sector by opening large savings accounts, which help in reducing the financial untouchability in the country.