Rs 49.49 crore accounts with Rs 2,00,958 crore deposits in Pradhan Mantri Jan Dhan Yojana (PMJDY) as on 12th July 2023 since inception

The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in August 2014 with the aim to provide universal banking services through opening of zero balance bank account for every unbanked household, based on the guiding principles of banking the unbanked, securing the unsecured and funding the unfunded (access to credit).

The penetration of PMJDY at national level, as on 12.07.2023, is as under–

Source: Banks

The Minister stated that the last mile delivery of basic banking services like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and mini statement, etc. are being provided to the bank customers through banking outlets. Government is monitoring the availability of banking outlets (bank branch / business correspondent / Indian Post Payments Bank (IPPB) branch) for providing banking services within 5 km of all inhabited villages. Out of 6,01,328 mapped inhabited villages, 99.63% villages are covered by a banking outlet through 1.71 lakh Branches, 7.70 lakh BCs, and 1.44 lakh India Post Payments Banks (IPPB).

The main features of the scheme are as below:

• One Basic Savings Bank Deposit (BSBD) account to “every unbanked adult”.
• OD limit of Rs.10,000; and
• Free Rupay debit card with inbuilt accident insurance cover of Rs.2 lakh (Rs 1 lakh for accounts opened before 28.08.2018).