India needs Jan Dhan, and not just Jan Dhan accounts
6 years, 9 months ago

India needs Jan Dhan, and not just Jan Dhan accounts

Live Mint  

In the run-up to the 2019 general election, the Bharatiya Janata Party has started its media blitz, outlining the achievements of the last four years. Under tremendous pressure from the top to reach targets of new bank accounts, bank employees and bureaucrats opened fake accounts, or converted existing accounts into Jan Dhan accounts. The World Bank Group’s Global Findex Database reports that almost half the new bank accounts were inactive in the last 12 months. The inactive bank accounts and the infrequent use of active bank accounts points to a bigger problem with this government’s obsession with technology. Technology, digitization and transfers using the new bank accounts solve the last mile problem for financial inclusion.

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History of this topic

Fin inclusion not just opening accounts, engagement is key: RBI Dy. Gov. Rao
1 month ago

Fin inclusion not just opening accounts, engagement is key: RBI Dy. Gov. Rao

New Indian Express  

MUMBAI: There have been some concerns about excessive borrowing in unsecured segment and from derivative euphoria in the capital markets of late, says M Rajeshwar Rao, deputy governor, Reserve Bank of India. “However, true financial inclusion goes beyond merely having a bank account—it requires meaningful engagement with financial services,” he said, adding a bank account should serve as an entry …

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report
3 months, 1 week ago

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report

Live Mint  

New Delhi: A total of 540.5 million bank accounts have been opened under the government's flagship financial inclusion scheme Pradhan Mantri Jan Dhan Yojana as of November, according to the Inclusive Finance India Report 2024. Launched on Thursday at the Global Inclusive Finance Summit 2024 in Delhi, organised by ACCESS Development Services, the report noted the accounts have a total …

10 Years Of Jan Dhan: Modi Govt Scheme For Financial Inclusion Is Great. But Where Should It Go Next?
6 months, 3 weeks ago

10 Years Of Jan Dhan: Modi Govt Scheme For Financial Inclusion Is Great. But Where Should It Go Next?

ABP News  

The PM Jan Dhan Yojana just completed 10 years. The facilities available via Jan Dhan accounts also become a benchmark for what is fair and reasonable, compelling the informal financial system to calibrate. The Direct Benefit Transfer has been a strong aspect of the Jan Dhan Yojana, but it is important to realise that no tech or process is really …

India’s RuPay Transactions Soar 7 Times in 5 Years
6 months, 3 weeks ago

India’s RuPay Transactions Soar 7 Times in 5 Years

Deccan Chronicle  

Chennai: The number of cashless transactions by Jan Dhan accounts using RuPay scheme have risen from 2,338 crore in FY 2018-19 to 16,443 crore in FY 2023-24. Jan Dhan accounts have accumulated deposits totalling around Rs 2.3 lakh crore currently, indicating a significant increase in savings among account holders. The RuPay scheme has facilitated the issuance of 36.06 crore debit …

Financial inclusion can reduce gender gaps in India
11 months, 2 weeks ago

Financial inclusion can reduce gender gaps in India

Hindustan Times  

Surpassing the United Kingdom and France, India has become the world’s fifth largest economy. PREMIUM Gender Equality {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Financial inclusion plays a crucial role in advancing the economic empowerment of women, which is a key objective outlined in the fifth Sustainable Development Goal concerning gender equality. Despite the country’s initiatives aimed at enhancing financial inclusion, significant disparities …

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it
1 year, 6 months ago

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it

India TV News  

The World Bank stated that India's digital public infrastructure has had a profound impact that goes well beyond financial inclusion. The World Bank's praises come as India has developed some of the best digital public goods infrastructure, which has the potential to transform lives all across the world. World Bank document hails Indian govt's policy The World Bank document, prepared …

Jan Dhan will have a transformative impact
1 year, 6 months ago

Jan Dhan will have a transformative impact

Hindustan Times  

In the heart of flourishing democracies worldwide lies the perennial desire for inclusive growth and collective prosperity. The widespread nature of formal banking in India historically catered mainly to the elite, it left a vast majority underrepresented, especially in rural areas where only 54% of households had bank coverage as per the 2011 Census. A mere 35.2% of the population …

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
1 year, 6 months ago

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM

The Hindu  

Finance Minister Nirmala Sitharaman on August 28 said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing ₹2 lakh crore. On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana, which is one of the biggest …

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million
1 year, 7 months ago

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million

Hindustan Times  

Prime Minister Narendra Modi on Saturday said it is a “significant milestone” that the flagship scheme for financial inclusion – Pradhan Mantri Jan-Dhan Yojana – has crossed 500 million, with 56% of bank accounts belonging to women and 67% of those opened in rural and semi-urban areas. Prime Minister Narendra Modi Read here: PM Modi focused on unorganised sector to …

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women
1 year, 7 months ago

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Saturday lauded the feat of the number of Jan Dhan accounts crossing the 50-crore mark as a significant milestone.It is heartening to see that more than half of these accounts belong to women, Modi posted on X. The Union Finance Ministry said on Friday that the total number of Jan Dhan accounts in …

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion
1 year, 7 months ago

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion

Live Mint  

New Delhi: Pradhan Mantri Jan-Dhan Yojana, the scheme which is responsible for providing basic banking facilities to the underprivileged and further catalysing the government’s mission for financial inclusion, now has in excess of 500 million accounts with deposits crossing ₹2.03 lakh crore. “As per the latest reports submitted by banks the total number of Jan Dhan accounts have crossed 50 …

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits
2 years, 6 months ago

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits

News 18  

Financial inclusion scheme Pradhan Mantri Jan Dhan Yojna was launched by Prime Minister Narendra Modi on August 28, 2014. The success of the PMJDY since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent rural or semi-urban areas …

Zero-Balance Account with ATM Card, Rs 2 Lakh Insurance. Know Which Banks are Offering
3 years, 2 months ago

Zero-Balance Account with ATM Card, Rs 2 Lakh Insurance. Know Which Banks are Offering

News 18  

Pradhan Mantri Jan Dhan Yojana: To facilitate financial inclusion, the government of India has launched the Pradhan Mantri Jan Dhan Yojana in 2014. Here are the benefits that an individual gets when he or she opens a Jan Dhan account under the Pradhan Mantri Jan Dhan Yojana: – The account holder can get to avail an overdraft facility after six …

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way
3 years, 2 months ago

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way

News 18  

Pradhan Mantri Jan Dhan Yojana was launched on August 28, 2014, with the objective to ensure accessibility to various financial services like availability of basic savings bank account, need-based credit, remittance facility, insurance, micro-credit and pension to the excluded sections, which includes the weaker sections and low-income groups. The Jan Dhan Revolution Coming back to Jan Dhan, more than 44.34 …

On Her Own Account: Impact of Strengthening Women’s Financial Control
3 years, 5 months ago

On Her Own Account: Impact of Strengthening Women’s Financial Control

Hindustan Times  

India is an outlier among countries at a similar level of development with its low rate of women in the workforce – an obstacle to economic growth as well as women’s autonomy. Direct Deposit: In 34 gram panchayats, women had the option to have their MGNREGS wages deposited directly into their bank accounts. Direct Deposit and Training: In 34 gram …

Jan Dhan Accounts Swell to 43 Cr with Total Deposits Over Rs 1.46 Lakh Cr
3 years, 6 months ago

Jan Dhan Accounts Swell to 43 Cr with Total Deposits Over Rs 1.46 Lakh Cr

News 18  

New Delhi: Bank accounts under Pradhan Mantri Jan Dhan Yojna have increased to 43 crore with total deposits over Rs 1.46 lakh crore, the finance ministry on Saturday said as the government's flagship financial inclusion scheme completes seven years of implementation. Out of total 43.04 crore PMJDY accounts, 36.86 crore or 85.6 per cent are operative, and the average deposit …

7 years of Jan Dhan Yojana and how it is changing lives of the poor: 43.04 crore beneficiaries with Rs. 146,230.71 cr in deposits
3 years, 7 months ago

7 years of Jan Dhan Yojana and how it is changing lives of the poor: 43.04 crore beneficiaries with Rs. 146,230.71 cr in deposits

Op India  

There was a time when having a bank account was considered a luxury by the poor and marginalized. Jan Dhan Yojana’s role in women empowerment According to a recent report published by Women’s World Banking and Bank of Baroda titled “The Power of Jan Dhan: Making Finance Work for Women in India”, 55% of PMJDY accounts are owned by women …

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark
4 years, 7 months ago

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

The Hindu  

More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore. “Another milestone achieved under …

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched
4 years, 7 months ago

Bank Accounts Opened under Jan Dhan Yojana Cross 40 Crore-mark 6 Years after Scheme was Launched

News 18  

More than 40 crore bank accounts have been opened under the government's flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana, launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of Rs 1.30 lakh crore. "Another milestone achieved …

Deposits in Jan Dhan accounts surge in 1st week of April
4 years, 11 months ago

Deposits in Jan Dhan accounts surge in 1st week of April

The Hindu  

The deposits in Jan Dhan accounts saw a sudden surge in the first week of April, mainly due to the Central government transferring money into such accounts to help beneficiaries deal with the difficulties during the lockdown. According to official data, the total deposits into the accounts opened under the Pradhan Mantri Jan Dhan Yojana increased to ₹1.28 lakh crore …

Centre credits ₹500 each to over 4.07 crore women Jan Dhan account holders
4 years, 11 months ago

Centre credits ₹500 each to over 4.07 crore women Jan Dhan account holders

The Hindu  

The Centre credited the first instalment of ₹500 to over four crore Jan Dhan accounts of poor women on Friday as part of a relief package in view of the nationwide lockdown due to the coronavirus outbreak, the Rural Development Ministry said. Interactive map of confirmed coronavirus cases in India | State Helpline numbers The amount is being released by …

Deposits in Jan Dhan accounts cross ₹1-trillion mark
5 years, 8 months ago

Deposits in Jan Dhan accounts cross ₹1-trillion mark

Live Mint  

New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the ₹1 lakh crore mark. As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana accounts was at ₹1,00,495.94 crore as on 3 July. Accounts opened under PMJDY are Basic …

Banking in India: Why many people still don’t use their accounts
5 years, 9 months ago

Banking in India: Why many people still don’t use their accounts

Al Jazeera  

Despite a big government push to sign up bank-account holders, many hurdles prevent people from using them. This rapid growth has been driven by Prime Minister Narendra Modi‘s flagship Jan Dhan – or “people’s wealth” – programme, which opened more than 355 million accounts in India’s state and private sector banks in five years. Government figures show that 83 percent …

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products
5 years, 10 months ago

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products

Firstpost  

Allegations of large-scale misuse of Jan Dhan accounts by black money hoarders seeking to convert their illegitimate wealth in cash during demonetisation are yet to be proved. The aggregate deposits in the Pradhan Mantri Jan Dhan Yojana accounts are currently close to Rs 1 lakh crore, having grown ten-fold from the Rs 10,500 crore in the first phase of the …

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore
5 years, 11 months ago

Deposits in Jan Dhan accounts inch towards Rs 1 lakh crore mark; total stand at Rs 96,107 crore

Firstpost  

The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on 3 April, as per the latest government data New Delhi: The total deposits in bank accounts opened under the Jan Dhan scheme, which was launched about five years ago by the Modi-government, are set to cross Rs 1 lakh crore …

Deposits in Jan Dhan accounts set to cross ₹90,000 crore
6 years, 1 month ago

Deposits in Jan Dhan accounts set to cross ₹90,000 crore

Live Mint  

Total deposits in Jan Dhan accounts are set to cross ₹90,000 crore with the government making the flagship financial inclusion programme more attractive especially by doubling accident insurance cover to ₹2 lakh. According to data from the finance ministry, the deposits, which have been steadily rising since March 2017, have already reached ₹89,257.57 crore as on January 30, and are …

Financial inclusion a reality for 1.3 billion Indians, says PM Narendra Modi in Singapore
6 years, 4 months ago

Financial inclusion a reality for 1.3 billion Indians, says PM Narendra Modi in Singapore

Hindustan Times  

Prime Minister Narendra Modi said on Wednesday that financial inclusion has become a reality for 1.3 billion Indians as he pitched India as a favourite destination for investment at the Fintech Festival in Singapore. “Financial inclusion has become reality for 1.3 billion Indians. Modi said through Aadhaar and cellphones, his government has launched Jan Dhan Yojana and opened 330 million …

Jan Dhan accounts weren’t intrinsically misuse-prone; P Chidambaram’s rant ignores past indulgences
6 years, 4 months ago

Jan Dhan accounts weren’t intrinsically misuse-prone; P Chidambaram’s rant ignores past indulgences

Firstpost  

If four out of five Jan Dhan accounts are inactive and the bulk of them are for money laundering then how can the no-frills accounts opened under Chidambaram’s UPA government smell of roses? Senior Congress leader and former finance minister P Chidambaram has railed against the Narendra Modi government’s Jan Dhan initiative on several counts calling it a jumla and …

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation
6 years, 4 months ago

P Chidambaram calls Narendra Modi's Jan Dhan Yojana 'jumla', alleges scheme used to launder money after demonetisation

Firstpost  

P Chidambaram said the increase in the number of Jan Dhan accounts has not translated into greater flow of credit to the rural population. New Delhi: Congress leader P Chidambaram said on Thursday that Pradhan Mantri Jan Dhan Yojana was a jumla and “an exercise in self-deception” by the Narendra Modi government, alleging that the accounts were used to launder …

Govt now targets bank accounts for all individuals
6 years, 6 months ago

Govt now targets bank accounts for all individuals

Live Mint  

New Delhi: The government on Wednesday expanded its social safety net programme to cover more beneficiaries, ahead of the crucial state polls due later this year and general elections in 2019. The cabinet cleared a proposal to expand the scope and benefits associated with the government’s ambitious Pradhan Mantri Jan-Dhan Yojana, aimed at providing a bank account to every Indian …

Despite Jan Dhan push, financial inclusion is elusive
6 years, 8 months ago

Despite Jan Dhan push, financial inclusion is elusive

Live Mint  

New Delhi: A shortage of bank branches and ATMs across India’s hinterland is holding back Prime Minister Narendra Modi’s financial inclusion efforts and risks angering rural voters ahead of elections next year. After taking office in 2014, Modi set an ambitious target to open a bank account for every household to ensure welfare funds flow directly to India’s poor, while …

The Jan-Dhan Yojana, four years later
6 years, 9 months ago

The Jan-Dhan Yojana, four years later

The Hindu  

The Pradhan Mantri Jan-Dhan Yojana, one of the flagship schemes of the present government, was launched in August 2014. In fact, the major limitation of the JDY has been that while it has managed to get many people to open bank accounts, there is no commensurate increase in the use of these accounts, availability of formal credit, or savings in …

Aadhaar has emerged as key document for new bank accounts: Survey
6 years, 9 months ago

Aadhaar has emerged as key document for new bank accounts: Survey

Live Mint  

New Delhi: Aadhaar has emerged as an enabler for financial inclusion with 76% to 95% of new accounts opened in different states relying on biometric identification but steps are needed to improve continued usage of these bank accounts, says a survey that analysed three-year data from rural Andhra Pradesh, Rajasthan, and West Bengal. The survey sought to find out whether …

Why India’s financial inclusion drive may be running out of steam
6 years, 10 months ago

Why India’s financial inclusion drive may be running out of steam

Live Mint  

Bengaluru: Among the 10 largest emerging markets in the world, belonging to the G20 group, India today has the highest share of people with an account in a financial institution. India’s share of inactive accounts, at 48%, is the highest in the world, the World Bank notes in its report based on the survey. As the first chart shows, India …

India contributing to global growth in financial inclusion: World Bank report
6 years, 11 months ago

India contributing to global growth in financial inclusion: World Bank report

ABP News  

20 : The Global Findex Report, 2017 released by the World Bank on Friday gives India more than one reason to cheer, as it notes the rapid increase in financial inclusion that has taken place in the country. In what can be seen as an answer to apprehensions raised earlier by some critics on usage of digital payments in India, …

Govt says 20% or over 6 cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant – Firstpost
7 years ago

Govt says 20% or over 6 cr accounts opened under Pradhan Mantri Jan Dhan Yojana lying dormant – Firstpost

Firstpost  

An estimated 31.20 crore Jan Dhan accounts with an aggregate deposit balance of over Rs 75,000 crore were opened till February, out of which 25.18 crore were operative, Minister of State for Finance Shiv Pratap Shukla told the Rajya Sabha New Delhi: Almost 20 percent of the total 31 crore Jan Dhan accounts are lying dormant, the government said on …

Banking the unbanked: the Indian revolution
7 years, 4 months ago

Banking the unbanked: the Indian revolution

Live Mint  

Financial inclusion—providing universal access to financial services and encouraging their use—is an important means for promoting economic development. As of 2014, the World Bank estimated that there were still two billion adults without a bank account, and many others with only a tenuous connection to the financial system. And, while initial readings suggested limited use, over time, JDY account holders …

Jan Dhan Yojana: showing small, but steady impact on our lives
7 years, 4 months ago

Jan Dhan Yojana: showing small, but steady impact on our lives

Op India  

Launched by Prime Minister Narendra Modi in August 2014, just months after assuming office, Jan Dhan Yojana is India’s mission for financial inclusion and last mile connectivity, is finally showing small, but impactful results. In a 2017 working paper, Georgetown University professor Sumit Agarwal and his co-authors studied account activity in 1.5 million PMJDY accounts from August 2014 to May …

Financial inclusion in India must focus on informal sector, says Grameen Foundation chief Prabhat Labh
7 years, 5 months ago

Financial inclusion in India must focus on informal sector, says Grameen Foundation chief Prabhat Labh

Firstpost  

Financial inclusion needs to focus on the entire informal sector rather than individual customers, according to Prabhat Labh, chief executive of Grameen Foundation India, the country arm of Washington-DC-based microfinance non-profit Grameen Foundation. Vivek Vipul Financial inclusion needs to focus on the entire informal sector rather than individual customers, according to Prabhat Labh, chief executive of Grameen Foundation India, the …

Arun Jaitley says dormant accounts have fallen below 20% under Jan Dhan
7 years, 6 months ago

Arun Jaitley says dormant accounts have fallen below 20% under Jan Dhan

Live Mint  

Mumbai: Finance minister Arun Jaitley on Wednesday said that dormant accounts under Jan Dhan Yojana have fallen below 20% from 77% earlier as state resources are flowing directly to the targeted population. More the direct benefit transfer expands, more will be the operationalization of accounts,” said Jaitley in an event organised by the United Nations. Pension scheme, gas subsidy, scholarship …

The admirable success of the Jan Dhan Yojana
7 years, 6 months ago

The admirable success of the Jan Dhan Yojana

Live Mint  

In Prime Minister Narendra Modi’s four Independence Day speeches since assuming office, achievements under one government programme have found consistent mention: the Pradhan Mantri Jan Dhan Yojana. Researchers have only recently acquired data of sufficient vintage—from administrative records on the transactions in PMJDY accounts to individual and household-level survey data—that yields preliminary findings on India’s progress towards genuine financial inclusion. …

Demonetisation: Six months on, 30,000 Gurgaon workers yet to get bank accounts
7 years, 10 months ago

Demonetisation: Six months on, 30,000 Gurgaon workers yet to get bank accounts

Hindustan Times  

Six months after demonetisation, thousands of people working in the unorganised sector in the city are yet to get their bank accounts opened because of lack of documentation such as Aadhaar and PAN cards. Lead district manager RC Nayak said the district still has over 30,000 workers without bank accounts who draw salaries in cash. The labour department and banks …

Are Jan Dhan bank accounts actively used?
7 years, 11 months ago

Are Jan Dhan bank accounts actively used?

Live Mint  

Many analysts attribute the recent electoral success of the Bharatiya Janata Party to the effective implementation of social sector schemes launched by the government of India. However, from these indicators, one cannot tell whether the usage is one-off or account holders use the accounts actively and whether a small number of active accounts drive the aggregate numbers. In a recent …

SBI's decision to charge on monthly minimum balance may lead to consolidation of family accounts
8 years ago

SBI's decision to charge on monthly minimum balance may lead to consolidation of family accounts

Firstpost  

At a time when the accent is on digitisation of payments that is impossible without banking support, the regressive moves of these banking biggies would have the effect of repelling people from the banking habit and retreat to the old habit of piling up cash and paying in cash The state owned State Bank of India rubs shoulders with its …

Odisha: Probe into suspicious transaction in Jan Dhan accounts
8 years, 2 months ago

Odisha: Probe into suspicious transaction in Jan Dhan accounts

Deccan Chronicle  

Cuttack: The police are investigating repeated deposits and withdrawal of large amounts of money in Jan Dhan bank accounts of around 13 members of a Self-Help Group here, the police said on Thursday. The account holders of Gopinathpur branch of a bank claim that they have not operated their accounts even once after the accounts were opened last year. The …

Only 10% of ATM cards are in use in Jhabua district
8 years, 3 months ago

Only 10% of ATM cards are in use in Jhabua district

Hindustan Times  

Only 10% of the total ATM cards issued under Jan Dhan bank accounts are in use in tribal dominated Jhabua district, highlighting the fact that success of cashless economy in India will not come easily. That is why I didn’t use Jan Dhan ATM card despite having it.” “Since I don’t know how to use an ATM card, I don’t …

Jan Dhan accounts become fodder of politics in MP’s Jhabua
8 years, 3 months ago

Jan Dhan accounts become fodder of politics in MP’s Jhabua

Hindustan Times  

Sudden deposit of huge amount of money in zero-balance Jan Dhan bank accounts in the Jhabua district has triggered a war of words between the ruling Bharatiya Janata Party and the opposition Congress. The Centre is looking into sudden popping up of money into zero-balance Jan Dhan accounts, after Rs 2 lakh crore of cash flooded the banking system within …

Demonetisation impact: Jan Dhan accounts in Odisha flush with cash
8 years, 3 months ago

Demonetisation impact: Jan Dhan accounts in Odisha flush with cash

Firstpost  

The hitherto dormant Pradhan Mantri Jan Dhan Yojana accounts in nationalised banks have now sprung to life and are flush with cash in several parts of Odisha, thanks to demonetisation drive. Kendrapara and Jagatsinghpur districts account for 3.75 lakh Jan Dhan accounts, officials said. An official of a nationalised bank said, “There has been impressive growth in cash deposits in …

Forget allegations, Jan Dhan deposits are on the rise and have crossed Rs 42,000 cr, say officials
8 years, 6 months ago

Forget allegations, Jan Dhan deposits are on the rise and have crossed Rs 42,000 cr, say officials

Firstpost  

There were reports that some bankers have deliberately deposited small amount in PMJDY accounts so that they do not remain under the category of zero balance. New Delhi: Amid Opposition’s criticism of alleged manipulation in Jan Dhan figures, government officials said on Wednesday that deposits under this flagship financial inclusion scheme has crossed Rs 42,000 crore-mark and the percentage of …

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