What are the benefits of the Pradhan Mantri Jan Dhan Yojana for different sections of Indian society?

Before 2014, only fifteen crore Indians had bank accounts. The Pradhan Mantri Jan Dhan Yojana aimed to give every Indian, especially low-income earners, access to bank accounts with no minimum balance or fees. Since then, over fifty crore accounts have been opened, mainly by women. The benefits include farmers borrowing money to start businesses or expand agriculture, workers receiving wages directly, and students receiving scholarships directly into accounts. Direct transfers have reduced middlemen and ensure the timely disbursement of funds, bringing banking services to all walks of life.