Most of the research on PMJDY either talks about benefits of the scheme or else they criticize the scheme but very few researchers’ covers the benefits and the suggestions to overcome the limitations of the scheme. Through this paper, an attempt is made to understand the PMJDY, to evaluate the progress of PMJDY and to suggest the areas of improvement for PMJDY. The study is based on secondary data collected from the authentic sources. The methodology used is mainly the percentage analysis and graphical presentation.