Vol. 2 (S) Oct. 2020

Article ID. JHSSR-1070-2020[S]

COVID-19 Crisis: A study on the Missing Woman in Benefit Transfer through PMJDY

Srikanta Charana Das and Snehalata Das


COVID-19, Pandemic, PMJDY, DBT, Digital Payment, Relief Fund, Aadhar

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During COVID-19 pandemic lockdown government of India announced a policy of direct cash transfer to women PMJDY (Prime-minister Jan-dhan yojana, a Govt. of India scheme on financial inclusion) bank accounts, Rs.500/- for a period of three months April-June 2020 to all 0.2 billion women PMJDY accounts holder. This study is to find out the missing poor women in PMJDY bank accounts, and to discuss the causes of exclusion, limitation of the policy to achieve the goals. Since the success of distribution of benefit transfer through PMJDY account is mainly depends upon the Indian banking system efficiency to meet the urgency cash transfer during lockdown. Literature reviewed to find out present status of Indian banking system. Authors are conceptualized a mathematical research model for the development of objective and hypothesis of this study. PMJDY bank account of women is taken as dependent variable. DBT, density of rural bank branches and, digital payment authentication systems are taken as independent variables. COVID-19 impact is taken as the control variable for this study. Due to COVID-19 pandemic social distancing norms, only secondary data are collected for analysis and hypothesis testing. These data are taken from government PMJDY portal, FII-2018-survey (PPI-Index), and World Bank’s estimates. During disaster or pandemic, government policy should be for all. Because during pandemic, every individual of the country was impacted. Supply of Adhar based digital authentication payment machines can improve the transparency and optimal utilization of government relief fund. Since this study has been done after COVID-19 lockdown, so analysis are done by taking only secondary data from government websites, and reports, and survey.

DOI: https://doi.org/10.37534/bp.jhssr.2020.v2.nS.id1070.p53