Jan Dhan Yojana

81.2% were operative as of August 2022, up from 76% in 2017

The boards of individual banks can decide on waiving the penalty on accounts, which do not maintain a minimum balance, Union Minister of State for Finance Bhagwant Kishanrao Karad on Wednesday said. "Banks are independent bodies. They have boards which can take a decision to waive off the penalty," Karad told reporters here. The minister was responding to a question if the Centre would consider directing banks not to charge any penalty from the accounts where the balance falls below the prescribed minimum levels. Karad was on a two-day visit to Jammu and Kashmir to review the implementation of various financial schemes in the Union Territory. The minister said the banks in Jammu and Kashmir had done a good job over the years and directed them to improve their performance on those parameters where they are lagging behind the national average. "I have told the banks in Jammu and Kashmir to hold Saturday camps to bring the percentage of Jan Dhan Yojana accounts closer to the national

As much as Rs 25 lakh crore has been distributed so far to beneficiaries under various welfare schemes and subsidies through Pradhan Mantri Jan-Dhan Yojana bank accounts, Union Minister of Tourism G Kishan Reddy said on Sunday. Speaking to reporters at Jangaon, about 90 km from here, after the inauguration and dedication of 75 digital banking units to the nation by Prime Minister Narendra Modi, Reddy said half of the 50 crore Jan Dhan accounts belong to women. You all know when the Jan Dhan accounts were opened there was question whether it was required in our country. Today, we have distributed Rs 25 lakh crore on welfare schemes to poor people through Jan Dhan accounts. This is an achievement, he said. Reddy further said today there is Rs 1.75 lakh crore in the Jan Dhan bank accounts deposited by the poor. He further said there were several instances in some States where the subsidies, pensions and welfare schemes of poor people are being looted by fraudsters using fake ...

However, there was a decline in operative accounts as a percentage of the total, from 85.6% in August 2021 to 81.2% in August 2022

Deposits in bank accounts opened under the Jan Dhan scheme, launched about seven and half years ago by the government, have crossed the Rs 1.5 lakh crore mark

Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday hailed PM Narendra Modi for the Jan Dhan Yojana, saying it helped check corruption in housing schemes

Out of total 430.4 million PMJDY accounts, 368.6 million or 85.6 per cent are operative, and the average deposit per account is Rs 3,398

PM Modi Saturday lauded his government's 'Pradhan Mantri Jan Dhan Yojana' as it completed seven years

Pradhan Mantri Jan Dhan Yojana (PMJDY) is a flagship scheme of the government to promote financial inclusion

Even with hindsight, hard to say demonetisation was a success

Financial Inclusion is a national priority of the government as it is an enabler for inclusive growth, the finance ministry statement said

He also said digital connectivity is a resourceful ally in transforming people's lives

Rajan cautioned that one should not mistake pent up consumption for normal consumption.

The slow pace of withdrawals confirms what Reserve Bank of India Governor Shaktikanta Das stated in his monetary policy statement on Friday: 'Private consumption has suffered a precipitous decline'

The transfer has been staggered over a period of five days to avoid rush at the bank branches

But never have I been so thankful for my decision to quit my life in Mumbai and shift to Santiniketan as I have been in these times of the coronavirus

There is a view that an extension is not warranted. It suffices to lock down areas with incidence of coronavirus

To ensure that social distancing is maintained at the bank branches, the department of financial services, under the finance ministry, has issued guidelines to all banks

While the PM has led from the front and states have deftly helped the affected, our poor healthcare infra and stretched fiscal situation have exposed some chinks in India's armour, writes T N Ninan

PMJDY, launched on August 27, 2014, by Prime Minister Narendra Modi, was aimed at providing financial services to the poor.