Banks Generate Rs 857 Cr Deposits under PMJDY

Published: 29th February 2016 06:53 AM  |   Last Updated: 29th February 2016 06:53 AM   |  A+A-

BHUBANESWAR: Commercial banks operating in the State have mobilised Rs 857.70 crore under Pradhan Mantri Jan Dhan Yojana (PMJDY), considered to be the most successful financial inclusion programme of the Centre, by December 1, 2015.

The State has generated the deposits from 78,46,699 account holders as against the total national deposit Rs 33,074.90 crore from 21 crore accounts under the scheme.

The State had garnered deposits of Rs 522.41 crore as on August 8, 2015 from more than 67 lakh bank accounts.

The latest report of the State Level Bankers’ Committee (SLBC) claimed 100 per cent saturation (each household having minimum one saving bank deposit account) in Odisha covering 47,765 villages and 1,729 Wards in urban areas.

The deposit mobilised in rural areas is Rs 571.92 crore while the amount generated from new account holders in urban areas under the scheme is Rs 285.78 crore.

As per the trends available, the percentage of accounts with ‘zero balance’ have actually shown a significant decline.

Accounts with no balance were as high as 42.33 per cent of the total opened under the scheme as on August 8, 2015. However, the zero balance accounts (25,47,196) have come down to 32.46 per cent at the end of December 2015.

In rural areas, 54,87,146 accounts were opened since the launch of the programme on August 16, 2014 while the rest 23,59,553 bank accounts are from urban and semi-urban areas.

BANK.JPGThe data further revealed that banks had offered over-draft facility to 22,214 account holders.

The banks have issued RuPay cards to 61,57,261 (78.47 per cent) account holders and 47,00,902 (59.91 per cent) cards have been activated.

State Bank of India (SBI) has taken the lead in mobilising Rs 172 crore from the new account holders in rural areas while the deposits in the bank in urban areas was Rs 114 crore by third quarter of the fiscal.

The Odisha Gramya Bank comes next to the SBI by mobilising Rs 120.49 crore in rural areas followed by UCO Bank with a deposit of Rs 82.30 crore in rural areas and Rs 43.50 crore in urban areas.

With the Ministry of Finance further extending the last date for enrolment under Pradhan Mantri Suraksha Bima Yojana (PMSBY) from November 30, 2015 to May 31, 2016, the banks have enrolled 31,73,786 persons under the insurance scheme.

Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), 8,41,379 persons have been enrolled while the enrolment under Atal Pension Yojana (APY) was 63,160 in the State.


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