Participation of Private Banks in implementation of Govt Schemes

The Government of India has launched several welfare schemes to benefit its citizens, such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) and the Atal Pension Yojana (APY). These schemes have largely been implemented through public sector banks. However, data and reports show that private sector banks have shown very limited participation in these initiatives. In this article, we will take a closer look at how much private banks have contributed to the implementation of these government schemes.

Social Security schemes (figures in crore)

As on	PMJJBY Enrollments	PMSBY Enrollments
	Total	Private Banks
31.05.2021	10.35	0.32
31.05.2022	12.89	0.35
31.05.2023	16.31	0.37
31.05.2024	20.17	0.42
31.05.2025	23.77	0.52

Atal Pension Yojana

APY subscribers

As on	Total	Private Banks
Mar’21	3,02,15,800	4,99,299
Mar’22	4,01,27,279	6,01,772
Mar’23	5,20,58,664	5,13,677
Mar’24	6,43,52,154	5,44,603
Mar’25	7,60,90,481	9,65,042

Pradhan Mantri Jan Dhan Yojana Accounts (figures in crore)

As on	Total	Private Banks
Mar’20	38.33	1.27
Mar’21	42.20	1.28
Mar’22	45.06	1.33
Mar’23	48.65	1.42
Mar’24	51.95	1.62
Mar’25	55.18	1.83

Pradhan Mantri Mudra Yojana (Amount in Rs. Crore)

Financial Year	A/Cs sanctioned (Total)	Sanctioned Amount (Total)	A/Cs sanctioned (Private Banks)	Sanctioned Amount (Private Banks)
2020-21	5,07,35,046	3,21,759	2,00,37,222	93,342
2021-22	5,37,95,526	3,39,110	2,45,49,895	1,17,679
2022-23	6,23,10,598	4,56,538	2,61,47,399	1,41,400
2023-24	6,67,77,013	5,41,013	2,72,69,531	1,75,277
2024-25	5,46,61,648	5,52,802	2,09,76,087	1,73,028

Stand-Up India Scheme (in Rs.crore)

Financial Year	A/Cs Sanctioned (Total)	Sanctioned Amt (Total)	A/Cs Sanctioned (Private Banks)	Sanctioned Amt (Private Banks)
FY19-20	20,256	4,845.16	3,075	712
FY20-21	15,616	3,781.19	2,875	844
FY21-22	19,744	4,499.10	1,936	515
FY22-23	39,875	8,937.81	2,510	675
FY23-24	39,576	8,878.92	2,540	792
FY24-25	47,057	11,179.42	10,696	3,252