PMJDY Assessment Round 2: Well Begun is Job Half Done

• by Manoj Sharma, Mukesh Sadana, Lokesh Singh and Aishwarya Singh
• Nov 9, 2015
• 1 min
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The Hon’ble Prime Minister of India launched ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY) on August 28, 2014 with an objective to ensure at least one active bank account per family. MicroSave and the Bill & Melinda Gates Foundation designed a survey to track the progress of PMJDY with focus on the presence and performance on Bank Mitrs .

The Hon’ble Prime Minister of India launched ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY) on August 28, 2014 with an objective to ensure at least one active bank account per family. MicroSave and the Bill & Melinda Gates Foundation designed a survey to track the progress of Pradhan Mantri Jan Dhan Yojana (PMJDY) with focus on the presence and performance on Bank Mitrs (BMs). Till now two rounds have been conducted. Situation with regards to availability of BMs on ground has definitely improved, however for how long they will remain active in absence of attractive remuneration and support from banks/BCNMs, is doubtful. We recommend steps such as development of standard training module for BMs, ensuring monitoring and capacity building support from banks/BCNMs, ensuring minimum commission of Rs. 5,000/month and roll out of additional products through BM network.