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Source: The post is based on the article “Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completes eight years of successful implementation” published in PIB on 28th August 2022.
What is the News?
Pradhan Mantri Jan Dhan Yojana(PMJDY) has completed eight years of successful implementation.
What is Pradhan Mantri Jan Dhan Yojana(PMJDY)?
Jan Dhan Darshak App: It is a citizen-centric mobile application launched for locating banking touchpoints such as bank branches, ATMs, Bank Mitras, Post Offices, etc. in the country.
– This app is also being used for identifying villages which are not served by banking touchpoints within 5 km. These identified villages are then allocated to various banks by concerned SLBCs for the opening of banking outlets.
What are the key achievements of Pradhan Mantri Jan Dhan Yojana(PMJDY)?
PMJDY accounts: As of August 2022, the number of total PMJDY Accounts is 46.25 crore; 55.59% (25.71 crores) Jan-Dhan account holders are women and 66.79% (30.89 crores) Jan Dhan accounts are in rural and semi-urban areas.
Operative PMJDY accounts: As per current RBI guidelines, a PMJDY account is treated as inoperative if there are no customer-induced transactions in the account for over a period of two years. In August 2022, out of a total of 46.25 crore PMJDY accounts, 37.57 crores (81.2%) are operative.
Zero Balance accounts: Currently, only 8.2% of PMJDY accounts are zero balance accounts.
Deposit per PMJDY account: Deposit per account has gone up by over 71%. This is an indication of increased usage of accounts and inculcation of saving habits among account holders.
