🗓️ Published: July 8, 2025 |✍️ Skylink Times Economy & Welfare Desk
In response to recent media reports suggesting mass closure of inactive Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, the Department of Financial Services (DFS), Ministry of Finance, has categorically denied issuing any such instructions to banks.
The ministry clarified that no direction has been given to close inactive Jan Dhan accounts, and that such reports are factually incorrect and misleading.
Nationwide Outreach Campaign Launched
Instead of closures, the DFS has rolled out a three-month national campaign from July 1, 2025, aimed at:
- Deepening the adoption of Jan Dhan Yojana,
- Promoting social welfare schemes like Jeevan Jyoti Bima Yojana and Atal Pension Yojana,
- And conducting re-KYC for eligible bank accounts.
The campaign is focused on re-activating dormant accounts, not shutting them down.
DFS Statement Highlights
- DFS monitors inoperative PMJDY accounts regularly.
- Banks have been advised to reach out to account holders to activate such accounts.
- No mass closure of Jan Dhan accounts has been reported or instructed.
- The number of PMJDY accounts is steadily increasing, reflecting public trust and continued usage.
What is PM Jan Dhan Yojana?
The PMJDY, launched in 2014, is a flagship financial inclusion scheme offering zero-balance bank accounts, RuPay debit cards, and access to various government welfare programs. With over 50 crore beneficiaries, it is one of the largest such programs globally.
The Takeaway
Citizens with PMJDY accounts need not worry about their accounts being shut down. The current efforts are focused on ensuring updated KYC compliance and maximum benefit coverage under welfare schemes.
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