The Jan Dhan Accounts, part of the Pradhan Mantri Jan Dhan Yojana (PMJDY), have achieved a remarkable milestone: crossing 50 crore accounts. This achievement highlights the government's commitment to financial inclusion.
According to the latest reports from banks, the milestone of over 50 crore Jan Dhan accounts was officially reached on August 9, 2023.
Reaching 50 crore Jan Dhan accounts marks a significant success in the government's efforts to provide banking services to previously unbanked individuals across the nation. This initiative has been pivotal in enhancing financial inclusivity.
Recent data indicates that 56% of the Jan Dhan accounts are held by women, and about 67% of these accounts have been opened in rural or semi-urban areas, underscoring the scheme's focus on empowering marginalized communities.
The total deposits in Jan Dhan accounts have surpassed an impressive Rs 2.03 lakh crore, showcasing the trust and reliance individuals place on these accounts for their savings and financial transactions.
Approximately 34 crore RuPay debit cards have been issued under the PMJDY scheme. These cards are provided free of charge, facilitating easier access to banking services for account holders.
The average balance maintained in Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts stands at Rs. 4,076, reflecting the financial stability of account holders.
More than 5.5 crore PMJDY accounts are currently receiving Direct Benefit Transfer (DBT) benefits, which streamlines government assistance directly into the accounts of beneficiaries.
The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014, aiming to provide every Indian with access to banking services.
The PMJDY scheme has significantly transformed the financial landscape of India by achieving near saturation in bank account coverage for adults. It has integrated millions of previously unbanked individuals into the formal banking system.
PMJDY offers various benefits to account holders, including a bank account without a minimum balance requirement, free RuPay debit cards with accident insurance, and an overdraft facility of up to Rs 10,000.
The success of PMJDY can be attributed to its comprehensive approach, which focuses on connecting the last mile with the formal banking system through technology, collaboration, and innovation. This initiative has effectively bridged the gap between the unbanked population and banking services.
Q1. What is the significance of 50 crore Jan Dhan accounts?
Answer: The achievement of 50 crore Jan Dhan accounts underscores the government's successful efforts in promoting financial inclusion in India, allowing access to banking for millions.
Q2. How many RuPay cards have been issued under PMJDY?
Answer: Approximately 34 crore RuPay debit cards have been issued under the PMJDY scheme, enabling easier banking access for account holders at no cost.
Q3. What percentage of Jan Dhan accounts belong to women?
Answer: Reports indicate that 56% of Jan Dhan accounts are held by women, reflecting the scheme's focus on empowering female account holders.
Q4. What is the average balance in PMJDY accounts?
Answer: The average balance in Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts is Rs. 4,076, indicating the financial engagement of account holders.
Q5. When was the PMJDY launched?
Answer: The Pradhan Mantri Jan Dhan Yojana was launched on August 28, 2014, to enhance financial inclusion across India.
Question 1: When was the Pradhan Mantri Jan Dhan Yojana launched?
A) August 28, 2014
B) September 15, 2015
C) July 1, 2013
D) January 1, 2016
Correct Answer: A
Question 2: What percentage of Jan Dhan accounts are held by women?
A) 50%
B) 56%
C) 60%
D) 70%
Correct Answer: B
Question 3: How many RuPay cards have been issued under the PMJDY?
A) 30 crore
B) 34 crore
C) 40 crore
D) 25 crore
Correct Answer: B
Question 4: What is the total deposit in Jan Dhan accounts?
A) Rs 1.5 lakh crore
B) Rs 2.03 lakh crore
C) Rs 3 lakh crore
D) Rs 2 lakh crore
Correct Answer: B
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