Image used for representational purposes only. (Photo | Wikimediacommons) 
Business

Jan Dhan accounts cross 50 crore mark

 As per the ministry, nearly 67% of these accounts have been opened in rural and semi-urban areas.

Express News Service

NEW DELHI:   The number of Jan Dhan accounts, which aims to expand access to financial services in the country, has crossed the 50 crore mark, with 56 per cent of the accounts belonging to women, the finance ministry said on Friday.

 As per the ministry, nearly 67% of these accounts have been opened in rural and semi-urban areas. The total deposits in these accounts are above Rs 2.03 lakh crore while nearly 34 crore RuPay cards have been issued with these accounts free of cost.

The average balance in Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts is Rs 4,076. Over 5.5 crore of these accounts are receiving Direct Benefit Transfer (DBT), it said.

The National Mission on Financial Inclusion PMJDY), launched on August 28, 2014, has been successful in changing the financial landscape of the country, it added.

Hindu man stabbed, set on fire in Bangladesh, escapes by jumping into pond; fourth attack in two weeks

RBI says economy resilient, banks stronger but warns of rising risks from unsecured loans, stablecoins

Dozens dead, 100 injured after fire rips through ski resort town in Switzerland

Violence feared between rival Matua factions backing TMC and BJP ahead of Abhishek Banerjee's Thakurnagar visit

Day after he was granted bail, molestation accused sets victim's husband on fire in Maharashtra

SCROLL FOR NEXT