430 million Jan Dhan accounts have Rs 1.46 trillion, shows data

The PM Jan Dhan Yojana has about 430.4 million accounts with total deposits amounting to Rs 1.46 trillion as on August 2021. Of these, about 86%, or 368.6 million accounts, are operative.

Seven years after the initiative was launched, the average deposit per account is Rs 3,398, which has increased 2.7 times over August 2015. About 312.3 million Rupay cards have been issued to Jan Dhan accountholders.

The government has also launched the Jan Dhan Darshak — a mobile application to provide a citizen-centric platform to locate banking touch points such as bank branches, ATMs, bank correspondents, and post offices in the country.

The app uses geographic information system (GIS) mapping facility to identify inhabited villages that do not have a banking touch-point within a distance of 5 km. About 99.95 per cent villages are now covered either by a bank branch or bank correspondent within a 5-km distance.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link