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- According to the government data,the total balance in the bank accounts under Pradhan Mantri Jan Dhan Yojana(PMJDY) scheme has almost reached a total of ₹1-lakh crore.
- The Jan Dhan accounts opened are mostly in public sector banks which makes up 72.5% of the total number of Jan Dhan accounts and 89.5% of total deposits.The bulk of the rest are made up by regional rural banks. Private sector banks make up only 3.3% of the accounts and 3.9% of the deposits.
- The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in 2014 with an aim to provide universal access to banking facilities to all households.
- The objective of PMJDY is to ensure access to various financial services like (a)availability of basic savings bank account (b)access to need based credit (c)remittances facility (d)insurance and (e)pension to weaker sections and low income groups.
- The PMJDY also envisages channelling all government benefits to the beneficiary accounts and pushing the Direct Benefit Transfer(DBT) scheme of the central government.
- The government had enhanced the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after 28 August,2018. The overdraft limit had also been doubled to Rs 10,000.Further,the government had also shifted the focus on accounts from ‘every household’ to ‘every unbanked adult’.




