2024-08-28 04:45:28
New Delhi: For the financial inclusion of the poor, the central government launched the PM Jan Dhan Yojana 10 years ago. The amount deposited in the bank accounts opened under this scheme is more than Rs 2.31 lakh crore. This is more than the market cap of Jio Financial, the company of India and Asia’s richest man Mukesh Ambani. The market cap of this company is Rs 205,592.28 crore. Union Finance Minister Nirmala Sitharaman said on Tuesday that about three crore new accounts are expected to be opened under the Pradhan Mantri Jan Dhan Yojana during the current financial year. Prime Minister Narendra Modi launched the Jan Dhan Yojana as a major financial inclusion program on August 28, 2014. The number of bank accounts under this scheme has almost quadrupled from 14.72 crore in March 2015 to 53.13 crore by August 16, 2024. The total deposit amount under PMJDY increased from Rs 15,670 crore in March 2015 to over Rs 2.31 lakh crore by August 2024. Sitharaman told reporters on the eve of the 10th anniversary of the launch of this scheme that our target is to open more than three crore PMJDY accounts during the current financial year. There were more than 173 crore active current and savings accounts in the country as of August 14, 2024, including more than 53 crore active PMJDY accounts. Banks also open a large number of general savings bank accounts.
How much money is in each account
Sitharaman said, ‘We believe that most of the adults in the country have bank accounts and our focus is to include the remaining adults and youth as well.’ The average balance in PMJDY accounts has increased from Rs 1,065 in March 2015 to Rs 4,352 as of August 16 this year. About 80 percent of the accounts are operational. The Finance Ministry said that the ‘JAM trio’ (Jan Dhan, Aadhaar, Mobile) has promoted direct transfer of money to the account of the beneficiaries and its coverage has gone from partial to ubiquitous.