Almost 57% of account holders underneath the Pradhan Mantri Jan Dhan Yojana are girls, indicating higher monetary empowerment of girls.
In accordance with the most recent information shared by the Union finance ministry, of the overall PMJDY Accounts amounting to 531.3 crore as on August 14, 55.6% or 295.6 crore are held by girls.
“Jan Dhan Yojana has confirmed to be game-changing so far as girls’s empowerment is anxious. Nearly 30 crore girls have been introduced into the banking system,” Prime Minister Narendra Modi mentioned in a submit on LinkedIn.
The flagship PMJDY scheme of the federal government was launched on August 28, 2014 and accomplished a decade on Wednesday. It gives one primary checking account for each unbanked grownup. For this account there is no such thing as a want to keep up any steadiness and likewise no costs are levied on this account.
Within the account, a free-of-cost RuPay Debit card with in-built accident insurance coverage cowl of Rs 2 lakh can be supplied to advertise digital transactions. PMJDY account holders are additionally eligible for getting an overdraft of as much as Rs 10,000 to cowl exigencies.
“By offering common, reasonably priced, and formal monetary providers — together with financial institution accounts, small financial savings schemes, insurance coverage, and credit score — to the beforehand unbanked, PMJDY has reworked the banking and monetary panorama of the nation during the last decade,” Finance Minister Nirmala Sitharaman mentioned.
Whole deposits within the PMJDY financial institution accounts has elevated to Rs 2.31 lakh crore from Rs 15,670 crore as in March 2015. “Deposits have elevated about 15 instances with improve in accounts 3.6 instances in August 2024 from August 2015,” mentioned an announcement by the finance ministry.
Common deposit per account is Rs 4,352 as on August 14, 2024, growing 4 instances in comparison with the extent in August 2015. “Enhance in common deposit is one other indication of elevated utilization of accounts and inculcation of saving behavior amongst account holders,” mentioned the finance ministry.
As many as 361.4 million RuPay playing cards have additionally been issued to PMJDY account holders.
