Impact of Jan Dhan Accounts on Enhancing Financial Inclusion and Access to Government Benefits

This research study examines the impact of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in promoting financial inclusion and improving access to banking services among the unbanked population. The primary objective of the study is to analyze how Jan Dhan accounts have facilitated financial accessibility, enhanced the effectiveness of Direct Benefit Transfer (DBT) schemes, and contributed to the overall financial well-being of beneficiaries. The study is based on primary data collected from 100 respondents belonging to different demographic and socio-economic backgrounds, including rural and urban areas.The findings of the study indicate that Jan Dhan Yojana has significantly improved access to formal banking services. A majority of respondents agreed that government benefits are directly credited into their accounts in a timely and transparent manner. The DBT system has reduced dependency on intermediaries, minimized corruption, and ensured efficient delivery of benefits. The results also reveal that most respondents have developed trust in the system and perceive it as reliable and transparent.In terms of financial behaviour, the study highlights that Jan Dhan accounts have encouraged savings habits among beneficiaries. A considerable proportion of respondents reported an increase in their savings and a sense of financial security after opening the account. Additionally, the adoption of digital banking services linked to Jan Dhan accounts is relatively high, indicating a positive shift towards digital financial inclusion.However, the study also identifies certain challenges affecting the effective utilization of Jan Dhan accounts. A significant number of respondents reported that long distances to bank branches or Business Correspondent (BC) centers act as a major barrier. Furthermore, many users operate their accounts infrequently, suggesting limited active usage. Although documentation and technical issues are not major concerns for most respondents, a small segment still faces difficulties due to limited digital literacy.Overall, the study concludes that Pradhan Mantri Jan Dhan Yojana has played a crucial role in enhancing financial inclusion and improving access to government benefits through DBT. While the scheme has achieved considerable success, addressing accessibility issues and promoting regular usage of accounts can further strengthen its effectiveness. The findings of the study provide valuable insights for policymakers and financial institutions to improve service delivery and ensure inclusive growth..