New Delhi: Deposits in Jan Dhan financial institution accounts, which had been opened in mid-2014 after the launch of the federal government’s flagship scheme of the identical identify, have crossed greater than Rs 1.5 lakh crore until December 2021, in response to official knowledge.
As per the most recent finance ministry knowledge, the entire stability in over 44.23 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was Rs 1,50,939.36 crore on December 31, 2021.
PMJDY, the National Mission for Financial Inclusion, had accomplished seven years of implementation in August final yr. It was introduced by Prime Minister Narendra Modi in his Independence Day deal with on August 15, 2014.
According to the finance ministry, out of the entire 44.23 crore accounts, 34.9 crore had been with the general public sector banks, 8.05 crore with regional rural banks whereas the remainder 1.28 crore with personal sector banks.
Also, 31.28 crore PMJDY beneficiaries had been issued RuPay debit playing cards. It could also be famous that the variety of RuPay playing cards and their utilization has elevated over time.
As per the information, 29.54 crore Jan Dhan accounts had been held in rural and semi-urban financial institution branches. Nearly 24.61 crore account holders had been girls as of December 29, 2021.
During the primary yr of the scheme 17.90 crore PMJDY accounts had been opened.
RBI pointers say that there isn’t any requirement of sustaining minimal stability in Basic Savings Bank Deposit (BSBD) accounts, together with Jan Dhan accounts.
Depending upon transactions carried out by a Jan Dhan account holder, the stability in any Jan Dhan accounts can differ on a day-to-day foundation, and should even turn into zero on a selected day.
As of December 8, 2021, the entire variety of zero stability accounts was 3.65 crore, which constituted about 8.3 per cent of the entire Jan Dhan accounts, the federal government had knowledgeable Parliament final month.
Objectives of the federal government’s flagship scheme embody making certain entry to monetary services and products at an reasonably priced value.
Benefits like scholarships, subsidies, pensions, and Coronavirus aid funds are credited to the financial institution accounts, together with Jan Dhan Accounts, by direct profit switch (DBT).