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Pradhan Mantri Jan Dhan Yojana is launched

On 28 August 2014 Prime Minister Narendra Modi launched Pradhan Mantri Jan Dhan Yojana, a national mission for no-frills bank accounts, RuPay cards, and later DBT plumbing. In the causal graph this event strengthens Household Purchasing Power, a driver that weakens Global Consumer Price Inflation (annual %) — a worsening welfare path.

Sources: [1][2]

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On 28 August 2014 Prime Minister Narendra Modi launched Pradhan Mantri Jan Dhan Yojana, a national mission for no-frills bank accounts, RuPay cards, and later DBT plumbing.

Context

The Finance Ministry and banks implemented. Zero-balance accounts can be empty. He owned the mission. He did not sit as every bank correspondent. Later PMJDY statistics are neighbouring later administrative series.

Ujjwala and DBT fuel later used the same plumbing. Those are neighbouring later schemes.

The Prime Minister of India is head of the Union Council of Ministers. Parliament writes statutes; the President assents; states and Union ministries implement; the Supreme Court can strike a scheme down. A prime minister can announce demonetisation, drive a bill, and take an oath. He does not write a UNFCCC depositary record, an ISRO telemetry file, or a Supreme Court judgment by himself.

Why it matters

The path is household purchasing power via financial inclusion: a completed mass-account mission is a dated access instrument, with usage still open.

Who was responsible

Contribution type and responsibility level for each recorded actor — not sole-author shorthand.

  • Narendra Modi

    Person

    Direct responsibility

    responsibility level 0.65 · verified

    He launched the mission. Banks opened accounts. The Finance Ministry administers.

What changed

Fact → Driver → Indicator. Relationship strength orders the paths; it is not the observed indicator movement.

Evidence

The sources behind this fact and its verification state.

Verified2 sources on file
  1. 1.Reuters — India’s Modi launches financial inclusion schemeReuters · High credibility · verified
  2. 2.PMO — PM launches Pradhan Mantri Jan Dhan YojanaPrime Minister’s Office of India · High credibility · verified
What the sources establish

Prime Minister’s Office of India carries the official instrument or communique. Reuters records the same dated act independently.

Established: a 28 August 2014 launch of Jan Dhan as a national no-frills account mission.

Not established: that every later account was funded, or a unique later poverty coefficient from launch day.

Banks opened accounts. The Finance Ministry administers.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies Pradhan Mantri Jan Dhan Yojana is launched, not a later speech about Pradhan Mantri Jan Dhan Yojana is launched.

Co-authors and later implementers named in Context remain on the file. If a later repeal, stay, or successor decree exists, it needs its own date and its own row. The contribution described on this Person row is limited to He launched the mission. Banks opened accounts. The Finance Ministry administers. That limit is the alternative to treating office-holding as authorship of every later series. The Lok Sabha, Rajya Sabha, the President, the Reserve Bank, state governments, the Election Commission, and foreign counterparties share specific files. Allegation is not a completed judgment. A Supreme Court striking-down is not a criminal conviction. A scheme notification is not a unique rupee coefficient. A UN pledge is not a delivered emissions path.

Causal path

How this event connects to drivers and indicators in the graph.

  1. ActorNarendra Modi
  2. contributed toFactPradhan Mantri Jan Dhan Yojana is launched
  3. strengthensDriverHousehold Purchasing Power
  4. weakensIndicatorGlobal Consumer Price Inflation (annual %)

Cite this page

Factrail. (2026). Pradhan Mantri Jan Dhan Yojana is launched. Factrail. https://factrail.ai/facts/in-jan-dhan-2014

https://factrail.ai/facts/in-jan-dhan-2014

Accessed 15 October 2026.

By the Factrail desk · Method: how we source and score · Last reviewed

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