Financial Inclusion and PMJDY in Odisha
Keywords:
PMJDY, Financial Inclusion, NPA, Rupay cardAbstract
In Odisha, household saving is the largest part of domestic saving due to largest part of middle income earner. For the mobilization of saving Government has implemented many schemes such as PMJDY, PMJJY, PMSBY and MUDRA etc. There is the need to broaden the participation of rural financing markets by proposing diverse financial mechanisms to access financial services with affordable cost. This paper emphasizes to view the progress of financial inclusion and PMJDY in Odisha. It is found out that rural income holders have more PMJDY account than the urban people. The numbers of zero balance PMJDY accounts are quite large. Numbers of PMJDY account holders in private sector banks are larger in urban area than rural area.
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SLBC Report of Odisha from 2014 to 2018.
