Are Jan Dhan bank accounts actively used?
Number of active transactions per account transacted by Jan Dhan account holders starts off slow but increases with the age of the accounts
Many analysts attribute the recent electoral success of the Bharatiya Janata Party to the effective implementation of social sector schemes launched by the government of India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) is one such scheme, extremely ambitious in scope. It gave every person in India a bank account, including hundreds of millions of poor, financially excluded individuals. Are these accounts used and if so, how active is the usage? In a recent paper, we analyse these questions.