New Delhi: Rural cooperative banks have served approximately 19 lakh beneficiaries under the Pradhan Mantri Jan Dhan Yojana (PMJDY), highlighting their contribution to expanding financial inclusion across rural and underserved communities, according to media reports.
As of October 14, 2026, the total number of Jan Dhan accounts across India had reached 59.59 crore, with cumulative deposits of ₹3.24 lakh crore.
The average balance in Jan Dhan accounts rose to a record ₹5,438, compared with ₹5,356 in August. The increase followed fresh deposits of nearly ₹7,000 crore, reflecting growth in the overall deposit base.
The figures underline the continuing role of PMJDY in extending access to formal banking services and encouraging savings among households that have traditionally faced barriers to financial access.
Rural and semi-urban bank branches accounted for 78% of Jan Dhan beneficiaries, while women represented nearly 56% of the total beneficiaries.
These figures highlight the scheme’s reach among rural households and women, who remain important focus groups for financial inclusion initiatives.
The participation of rural cooperative banks adds another dimension to the delivery of banking services at the grassroots level. Their local presence can help connect communities with formal financial services and support wider participation in the banking system.
The reported figures underline the contribution of cooperative banking institutions to financial inclusion and the continued importance of accessible banking services for rural and underserved populations.