More Than 30 Crore Accounts Opened Under PMJDY

More Than 30 Crore Accounts Opened Under PMJDY as of 06 December, 2017

A total of 30.71 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), including 18.05 crore accounts opened in rural/semi-urban areas as of December 6, 2017. The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion that ensures access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

According to a government press release, banks are opening PMJDY accounts for unbanked persons at their branches. In addition to uncovered Sub-Service Areas (SSAs) with 1000-1500 households, Bank Mitras, who can open PMJDY accounts, are deployed. State/UT-wise number of PMJDY accounts is annexed at Table 1.

The Department of Revenue has apprised that based on information received from 187 Reporting Entities, Rs. 42,187 crore had been deposited in 3,74,14,844 PMJDY accounts during the period 8.11.2016 to 30.12.2016.  A number of measures have been taken up by the Government, which include the collection of information on cash transactions, collating and analysis of such information, extensive use of information technology and data analytic tools for identification of high-risk cases, expeditious verification of suspect cases and enforcement action as required.

Here’s The State/UT wise Number of PMJDY accounts opened as on 06.12.2017

S.No State Name Number of PMJDY accounts opened as on 06.12.2017
Rural Urban Total
1 Andaman & Nicobar islands 36853 14581 51434
2 Andhra Pradesh 4437311 4536119 8973430
3 Arunachal Pradesh 150536 102830 253366
4 Assam 9486483 3033857 12520340
5 Bihar 20174916 12173763 32348679
6 Chandigarh 38085 206473 244558
7 Chhattisgarh 8221389 4603014 12824403
8 Dadra & Nagar Haveli 74300 13618 87918
9 Daman & Diu 20443 20654 41097
10 Delhi 470489 3463299 3933788
11 Goa 107512 42802 150314
12 Gujarat 6048591 5548967 11597558
13 Haryana 3404165 3031380 6435545
14 Himachal Pradesh 848820 127351 976171
15 Jammu & Kashmir 1673959 264985 1938944
16 Jharkhand 7832980 3095969 10928949
17 Karnataka 6534781 5022652 11557433
18 Kerala 1536024 1944817 3480841
19 Lakshadweep 4520 642 5162
20 Madhya Pradesh 12804614 13841605 26646219
21 Maharashtra 10415718 11270381 21686099
22 Manipur 355535 423036 778571
23 Meghalaya 346429 66601 413030
24 Mizoram 98146 166569 264715
25 Nagaland 101236 115266 216502
26 Odisha 8819012 3341299 12160311
27 Puducherry 68970 90485 159455
28 Punjab 3380992 2629442 6010434
29 Rajasthan 14332237 9565442 23897679
30 Sikkim 73412 20960 94372
31 Tamil Nadu 4075561 4822010 8897571
32 Telangana 4577150 4368329 8945479
33 Tripura 580715 230766 811481
34 Uttar Pradesh 27730246 18533375 46263621
35 Uttarakhand 1332547 794666 2127213
36 West Bengal 20296556 9091734 29388290
Total 180491233 126619739 307110972

Under the PMJDY, an account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet.  It has to be noted that accounts opened under PMJDY are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.

In August this year, Union Finance Minister Arun Jaitley said JAM (Jan Dhan, Aadhaar and Mobile) trinity has ushered in a social revolution which will eventually bring all Indians into a common financial, economic and digital space, similar to how GST has created a unified market. In a Facebook post on the third anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY), he said, “Just as GST created one tax, one market, one India, the PMJDY and the JAM revolution can link all Indians into one common financial, economic, and digital space. No Indian will be outside the mainstream.”

20 December, 2017