Finance Minister Nirmala Sitharaman declared that the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, launched by Prime Minister Narendra Modi in 2014, has revolutionized the banking and financial landscape of India. With over 53.14 crore beneficiaries and a deposit balance of Rs. 2.3 lakh crore, the PMJDY has successfully provided millions of unbanked adults with basic banking services and a free accident insurance cover. The Finance Minister also highlighted the scheme's focus on empowering women, with 55% of accounts opened by women.