Firstpost: New Delhi: Wednesday, November 19, 2014.
Around Rs
5,400 crore have been deposited in banks in over seven crore bank accounts
opened under Pradhan Mantri Jan Dhan Yojana of which 74 percent accounts are
with zero balance, according to a RTI reply.
The data
provided by Department of Financial Services says that as on 7 November 2014 a
total of 7.1 crore bank accounts have been opened of which 5.3 crore were
accounts with 'zero balance'.
The reply
provided to activist Subhash Agrawal said as on 7 November, the total balance
in these accounts was Rs 5,482 crore. Majority of these accounts, over 4.2
crore, have been opened in rural areas, whereas in urban areas 2.9 crore have
been opened.
The highest
number of accounts, under the scheme, have been opened by State Bank of India
which started over 1.2 crore new accounts followed by Bank of Baroda which
opened 38 lakh accounts and Canara Bank 37 lakh accounts, it said.
PMJDY is
national mission for financial inclusion to ensure access to financial
services, namely, banking and savings and deposit accounts, remittance, credit,
insurance, pension in an affordable manner.
It focuses on
coverage of households as against the earlier plan which focused on coverage of
villages.
An overdraft
facility up to Rs 5,000 would be available to one account holder of PMJDY per
household after six months of satisfactory conduct of the account.
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