RTI reveals that more than Rs 1 lakh crore in PMJDY accounts

The reply to his RTI application revealed that till July 17, 2019, around 36.25 crore accounts were opened under the scheme in which Rs 1,00,831 crore have been deposited.

Published: 17th August 2019 11:52 AM  |   Last Updated: 17th August 2019 11:52 AM   |  A+A-

Right to Information, RTI

Image used for representational purpose only

By IANS

BHOPAL: More than Rs 1 lakh crore have been deposited in over 36 crore bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), reveals an RTI. Chandrashekhar Gaur, a social worker from Neemuch district of Madhya Pradesh, filed the RTI seeking the details of the PMJDY from the Ministry of Finance.

The reply to his RTI application revealed that till July 17, 2019, around 36.25 crore accounts were opened under the scheme in which Rs 1,00,831 crore have been deposited. The RTI also revealed that five years after the launch of the scheme, there were 4.99 crore or 14 per cent accounts which still have zero balance in them.

PMJDY is financial inclusion programme of the Central Government, which is applicable to 20 to 65 years age group, that aims to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.

The scheme is primarily aimed at the poorer sections who are unable to have access to the banking system. Under the programme, the accounts are opened at zero balance and they do not become dormant even if deposits are not made into it.

The scheme was launched by Prime Minister Narendra Modi on August 15, 2014. It has also entered the Guinness World Records for most bank accounts.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp