Over 3.49 Million Women in J&K Benefit from PMJDY Loans

SRINAGAR: As of January 15, 2025, the total number of PMJDY accounts in Jammu and Kashmir stands at 5,478,806, with 3,037,106 accounts belonging to women, which is approximately 55.45 per cent.

In 2015, the total number of PMJDY accounts in Jammu and Kashmir was 1,870,060. By 2016, this number had risen to 2,322,430. In 2017, the figure increased to 2,886,310, followed by 3,301,450 in 2018. The number of accounts continued to grow, reaching 3,734,720 in 2019, 4,111,890 in 2020, 4,501,980 in 2021, 4,826,520 in 2022, 5,123,040 in 2023, and 5,357,890 in 2024 before reaching 5,478,806 in 2025.

As of 2025, the total number of loan accounts in Jammu and Kashmir stands at 5,167,143, with women holding 3,496,638 accounts, which is approximately 67.65 per cent.

In 2015, the total number of loan accounts in Jammu and Kashmir was 1,423,500. By 2016, this number had increased to 1,854,620. In 2017, it had grown to 2,307,890, followed by 2,753,460 in 2018. The number of accounts continued to rise, reaching 3,215,400 in 2019, 3,672,450 in 2020, 4,123,670 in 2021, 4,531,890 in 2022, 4,896,540 in 2023, and 5,057,890 in 2024 before reaching 5,167,143 in 2025.

The financial inclusion and loan accounts in Jammu and Kashmir have been significantly impacted by government schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY), which has played a key role in increasing access to banking services. The Mudra Yojana has facilitated microfinance for small entrepreneurs, while Stand-Up India has specifically supported women and SC/ST entrepreneurs in obtaining loans for new ventures. Additionally, the PM SVANidhi scheme has provided financial assistance to street vendors, many of whom are women, enabling them to expand their businesses. These schemes have contributed to the rising number of financial accounts, particularly among women in the region.