A Descriptive Study of Difficulties Faced by PMJDY Account Holders

Abstract

This scheme was officially launched on 28th August 2014. The prime purpose of this scheme is that every citizen of India should have easy access to open a saving bank account, thereby providing India financial freedom. The researcher felt the need to assess the difficulties faced by investors in this scheme. The study was done following descriptive design using a questionnaire to collect data from respondents in Madurai. The results showed that 26 percent of the respondents has faced the difficulties in withdrawal limit, 21 percent of the respondents has faced the difficulties in deposits not exceeding Rs 1 lakh, 20 percent of the respondents did not face any difficulties. The current study concludes that only approximately one-fourth or less number of people find any difficulties with any aspect of PMJDY while one-fifth find no difficulties. For better implementation banking sector the policy makers should kee in view the challenges faced by common people to increase the ease and comfort in running jandhan account.

How to cite this article:
Renugadevi S, Gokul K. A Descriptive Study of Difficulties Faced by PMJDY Account Holders. J Adv Res Acct Fin Mgmt 2021; 3(2): 1-2.