Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3290
Title: Pradhan Mantri Jan Dhan Yojana as a financial inclusion drive: a case study of West Bengal
Authors: Banerjee, Ashok
Gupta, Arindam
Keywords: Financial inclusion
Jan Dhan Yojana
RuPay card
Logistic regression
Family happiness
Issue Date: Dec-2019
Publisher: Indian Institute of Management Calcutta, Kolkata
Series/Report no.: Vol.46;No.4
Abstract: On the completion of fourth year of PMJDY, an effort was made to review the extent to which the primary objectives of the government’s flagship financial inclusion scheme could be achieved. A survey was conducted on 1000 respondents from five selected districts in the state of whom 500 respondents newly opened a bank account under the scheme. The remaining 500 respondents having a normal bank account constitute the control group. It is observed that PMJDY could enhance merely the arithmetic bank account ownership. The real objectives like overdraft-enabled small entrepreneurship or more insurance benefits could hardly be achieved. The much hyped bank account-induced family happiness could not be identified after analysis of response. Severe lack of awareness among the common people about the scheme or its benefits has been noticed.
Description: Ashok Banerjee, Indian Institute of Management Calcutta, D. H. Road, Kolkata, 700 104, India; Arindam Gupta, Vidyasagar University, Midnapore, West Bengal, 721 102, India
p.335-352
Issue Editor – Manisha Chakrabarty
URI: https://doi.org/10.1007/s40622-019-00226-5
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3290
ISSN: 0304-0941 (print version) ; 2197-1722 (electronic version)
Appears in Collections:Issue 4, December 2019

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