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As of August 2023, deposits worth over ** Indian rupees in Indian banks were connected to the Pradhan Mantri Jan-Dhan Yojana scheme. Out of this total value, the lion's share of deposits was recorded at public sector banks with over ** Indian rupees.

The Pradhan Mantri Jan-Dhan Yojana was a financial inclusion program which was applicable citizens between 18 and 65 years old. It aimed to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions. Launched in August 2014, the scheme was criticized by the opposition as an effort to please voters that has created unnecessary work-burden on public-sector banks. It claimed that the poor deserved food more than bank accounts and financial security.