The Centre believes the scheme, launched on August 28, 2014, has coated nearly all of the grownup inhabitants. “Now, our focus is to cowl the whole grownup inhabitants and proceed to cowl these buying maturity,” Sitharaman mentioned, including that there is no such thing as a saturation level. As on August 14, there are over 53 crore energetic PMJDY accounts with a deposit steadiness of ₹2.3 lakh crore.
Though zero steadiness accounts are permitted below PMJDY and upkeep of minimal steadiness shouldn’t be necessary, solely 8.4 per cent accounts have zero steadiness. The typical steadiness per account has elevated to ₹4,352 as on August 16, 2024 from ₹1,065 in March, 2015.
Free RuPay playing cards
RuPay debit playing cards, with in-built accident insurance coverage cowl of ₹2 lakh, are given to account holders freed from price based mostly on sure standards akin to efficiency throughout the first six months from the time of opening. As on August 16, 36.14 crore RuPay playing cards have been issued. The accounts have overdraft facility of as much as ₹10,000, topic to eligibility situations. There aren’t any account opening costs and no account upkeep costs. Nevertheless, there is no such thing as a cheque guide facility with such an account.
Sitharaman mentioned the Jan Dhan scheme helped in offering funds below PM Swanidhi scheme. Additionally, accounts holders benefited from Ayushman scheme (PM JAY). “One of many sudden success tales was serving to the PMJDY girls account holders by way of direct fund switch throughout Covid,” she mentioned. Out of over 53 crore accounts, practically 56 per cent or over 29.5 crore accounts belong to girls.
In line with a authorities assertion, the scheme addresses geographical gaps in account possession as out of the overall accounts opened below the scheme about 66.6 per cent accounts are opened in rural and semi-urban areas. “In the present day, 99.95 per cent of all inhabited villages have entry to banking amenities inside a 5-km radius by way of banking contact factors (together with financial institution branches, ATMs, Banking Correspondents (BCs), and Indian Publish Fee Banks),” the assertion talked about.
Quoting a World Financial institution report, it mentioned that when it comes to monetary inclusion, India has achieved as a lot in simply six years what would have taken about 5 a long time. “The Jan Dhan-Aadhaar-Cell (JAM) trinity has propelled the monetary inclusion fee to 80 per cent of adults within the final six years from 25 per cent in 2008, a journey shortened by as much as 47 years due to Digital Public Infrastructure,” it mentioned, Additional, within the final decade, India constructed one of many world’s largest digital government-to-person (G2P) architectures leveraging DPI. This strategy has supported transfers amounting to about $361 billion on to beneficiaries from 53 central authorities ministries by way of 312 key schemes, it added.
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