The government has opened 115 million bank accounts under the Pradhan Mantri Jan-Dhan Yojana, against the target of 75 million. The scheme, which has found place in the Guinness Book of World Records, has covered 99.74% of the 21.05 crore households surveyed.
“Most of India today is included in the banking system,” finance minister Arun Jaitley said on Tuesday. The total deposit accrued through these accounts is Rs. 9,188 crore.
Prime Minister Narendra Modi had launched PMJDY in August last year.
Over 60% of the new account holders are women, and 59.49% of the new accounts have been opened in rural areas.
Jaitley said 28% of the banks accounts are operational. “The rest would also be operatioanlised onced the subsidy amounts are directed into these bank accounts. The government has transferred Rs. 622 crore into the accounts of beneficiaries towards LPG subsidy.
“This was one of the largest exercises and it has been a success, we have managed to cover all areas barring those that were inhospitable because of inclement weather and climatic conditions, and remote areas which are hit by left wing extremism,” Jaitley said.
Finance minister Arun Jaitley said that most of the country is included in the banking system.