Financial Inclusion of Women in Slums in Chandigarh through Pradhan Mantri Jan Dhan Yojna

1Ajit Bansal, Pranav Aggarwal, Manpreet Singh and Ramgopal


The main decisive constriction for overall and sustainable development of economy is that a large number of unprivileged and poor people don’t have access to recognized financial system of the nation. Thus for achieving goal of sustainable economic development and for being economic super power, financial inclusiveness has been given due importance by economists and policy makers. Pradhan Mantri Jan Dhan Yojana (PMJDY) is launched by Honorable Prime Minister of India, Shri Narendra Modi on 28th August, 2014. The critical goal of scheme is to offer admittance to banking system including zero balance saving bank a/cs, overdraft facility u to Rs.5000/-, RuPay debit card with accidental indemnity cover and RuPay Kisan Card. The key objective of this research is to examine the standing of fiscal involvement of females in slums of Chandigarh after five and half years of formal launch of the said scheme. A survey was conducted during November 2019- December 2019 covering all slum areas of UT Chandigarh by administering a questionnaire on 150 respondents. The examinations revealed that women from slums have linked official banking procedures independently of their edification level, owing to awareness regarding PMJDY. It is also observed that still money lenders are part of financial system.


Financial Inclusion, Sustainable Development, Banking System, Financial Inclusiveness, PMJDY, Slum Areas.

Paper Details
IssueIssue 5