Thursday, April 25, 2019
News

Over 34 crore bank accounts opened under PMJDY till January

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

General News | February 12, 2019 7:41:44 PM IST
The proportion of people joining the formal financial system has more than doubled since 2011 with a total of more than 34 crore bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), Parliament was informed on Tuesday.

Shiv Pratap Shukla, Minister of State for Finance, said in written reply to a question in Rajya Sabha that 80 per cent of the population was under the formal financial system by 2017. He was quoting the Reserve Bank of Indias (RBI) Report on 'Trend and Progress of Banking in India 2017-18.'

Within a span of four years, the total number of accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) expanded to 32.8 crore with Rs 85,100 crore deposits as on September 28, 2018. Of these accounts, 59.1 per cent were opened at branches located in rural and semi-urban centres, the minister said.

Till January 23 this year, a total of 34.03 crore accounts were opened under PMJDY with deposit balance of Rs 88,566.92 crore. While 53 per cent of the Jan Dhan account holders are women, 59 per cent accounts are in rural and semi-urban areas.

To facilitate banking transactions, 27.17 crore RuPay Debit cards with an in-built accident insurance coverage have been issued to beneficiaries under PMJDY.

With scheduled commercial banks taken together, 23 per cent of these accounts received direct benefit transfers. PMJDY account holders are also eligible for loans under Pradhan Mantri Mudra Yojana (PMMY) and other loan products offered by different banks, said the minister. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
TMC has 'syndicate morcha' : Nirmala Sit...
BJP, RJD battle it out to wrest Darbhang...
Entire JeM leadership wiped out in J&K: ...
NPF moves to disqualify seven rebel Naga...
Five killed, 9 injured in landslide in J...
Modi-Mamata's 'friendly relationship' pr...
More...    
 
 Top Stories
UNSC schedules urgent meeting to ad... 
Priyanka, Nick are in love with Par... 
Man impersonates as BCCI chief sele... 
Chris Woakes extremely important fo... 
Andre Russell included in West Indi... 
Central and northern India may expe... 
Taylor Swift 'protected' by songwri... 
Orders coming in for 'Khukri' knive...