Thursday 27 November 2014

PMJDY Now Targets 10 Crore Bank Accounts

Indian government has revised the target for opening of accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) from 7.5 crore to 10 crore by January 26 to ensure that at least one account for each household in the country.

As per the latest figure, about 8 crore accounts have been opened under the flagship financial inclusion scheme of the government.

In a review meeting, Finance Minister Arun Jaitley told the officers that Aadhar card numbers may also be seeded with bank accounts as the same will help in directly transferring the subsidies to the bank accounts of the desired sections of the society under Direct Benefit Transfer (DBT) scheme.

It was informed that 7.64 crore bank accounts have been already opened under PMJDY till November 18, out of which Public Sector Banks (PSBs) have opened 6.15 crore accounts, Regional Rural Banks(RRBs) 1.28 crore accounts and private sector banks 20 lakh accounts.


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