In order to enhance financial inclusion in the country, the Government of India came up with PradhanMantri Jan DhanYojana (PMJDY) in 2014. The success of any policy can be effectively analysed by the fact that how well it responds to the issues faced by the deprived sections of the society. The present study focuses on the impact of PMJDY in fostering financial inclusion, with special reference to the slum-dwellers of Chandigarh. The study is descriptive in nature and uses primary data collected through field survey. PMJDY has been successful to a great extent in opening bank accounts. But, most of the bank accounts opened under PMJDY are not operative. Not even a single person could avail overdraft facility under PMJDY from the sample studied. The scheme in its current form is not adequate to address the problem of financial exclusion. With consistent efforts towards improving financial infrastructure, by raising the level of financial literacy, and through sensitization of bank staff, a lot can be achieved in the direction of financial inclusion. Our research has governance implications to contribute substantially towards inclusivegrowth.

KEYWORDS: PMJDY, Financial Inclusion, Slum-Dwellers, Chandigarh.