‘One-rupee’ accounts, Nagla Fatela: It’s time Modi-government did some fact-checking
8 years, 6 months ago

‘One-rupee’ accounts, Nagla Fatela: It’s time Modi-government did some fact-checking

Firstpost  

An Indian Express report on Tuesday has revealed the story of how bankers are depositing small amounts, as low as one rupee, in several zero balance accounts opened in their branches under Prime Minister Narendra Modi’s 2014 Jan Dhan Yojana scheme. Further, the Express report, quoting information received from an RTI query, says that 18 public sector banks and their 16 regional rural subsidiaries held Rs 1.05 crore Jan Dhan accounts with deposits of one rupee. One rupee account As the Express report points out, in many cases even the account holders themselves were unaware how these ‘One rupee’ deposits appeared in their bank accounts. The Nagla Fatela and the ‘One Rupee’ Jan Dhan accounts, do offer a compelling reason for the Modi-government to go for a self-introspection on the accuracy of the numbers it projects in public, especially when it comes to big-bang schemes such as Jan Dhan and rural electrification that have received international attention.

Balance Bank Report Express Rupee Jan Account Zero Accounts Indian Express Jan Dhan Jan Dhan Accounts Dhan Dhan Yojana One Rupee Zero Balance Accounts Nagla Fatela  onerupee  dhan  zero  modigovernment  jan  bank  fatela  accounts  account  balance  nagla  rupee  factchecking  report  express

History of this topic

MP CM: Economist Manmohan unaware of zero-balance accounts, but 'chaiwala' knew
3 months, 1 week ago

MP CM: Economist Manmohan unaware of zero-balance accounts, but 'chaiwala' knew

Deccan Chronicle  

Madhya Pradesh Chief Minister Mohan Yadav on Friday took a swipe at former prime minister and renowned economist Dr Manmohan Singh over zero balance bank accounts.Inaugurating the Civil Service Meet-2024 of MP IAS Association, Yadav said Singh, despite his stellar career as RBI governor, Union finance minister and PM as well as possessing multiple educational degrees, was not aware that …

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report
3 months, 2 weeks 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 …

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years
6 months, 4 weeks ago

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years

Hindustan Times  

As the Pradhan Mantri Jan Dhan Yojana, an ambitious financial inclusion initiative, completed 10 years on Wednesday, Uttar Pradesh emerged as a leading state with over 9.46 crore Jan Dhan accounts—18% of the more than 53 crore accounts opened across the country during this period. The total deposits in Jan Dhan accounts across the state have reached an impressive ₹ …

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
1 year, 7 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 …

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore
1 year, 7 months ago

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore

The Hindu  

The number of bank accounts under the PM Jan Dhan Yojana, which completes nine years on Monday, has crossed 50 crore this month with total deposits exceeding ₹2 lakh crore, Financial Services Secretary Vivek Joshi said on Saturday. As of August 16, 50.09 crore PMJDY accounts had been opened with total deposits at ₹2,03,505 crore, up from 48.65 crore accounts …

‘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 …

Modi govt provided peace, stability, corruption-free rule, says Bandi Sanjay
1 year, 9 months ago

Modi govt provided peace, stability, corruption-free rule, says Bandi Sanjay

Deccan Chronicle  

KARIMNAGAR: Prime Minister Narendra Modi offered the nation peace, stability and a corruption-free government, state BJP chief Bandi Sanjay claimed here on Tuesday. These apart, free rations were distributed to around 80 crore people every week during the Covid period under PM Garib Kalyan Ann Yojana Scheme,” he said. Through the Modi government’s Jan Dan Yojana scheme, zero- balance bank …

Big deposits of ₹2,000 notes in Jan Dhan accounts will draw tax scrutiny
1 year, 10 months ago

Big deposits of ₹2,000 notes in Jan Dhan accounts will draw tax scrutiny

Hindustan Times  

Mass cash deposits are likely to come under scanner to catch tax evaders using third party bank accounts to hide their wealth while exchanging ₹2,000 notes, according to officials aware of the development, who said sudden large deposits in multiple Jan Dhan Yojana accounts may also be scrutinised. Banks have been instructed to report “suspicious” account transactions and tax authorities …

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits
2 years, 7 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 …

Jan Dhan Accounts Swell to 43 Cr with Total Deposits Over Rs 1.46 Lakh Cr
3 years, 7 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 …

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 …

Fact check | Centre’s beneficiary count for COVID-19 relief is faulty
4 years, 10 months ago

Fact check | Centre’s beneficiary count for COVID-19 relief is faulty

The Hindu  

The Centre has wrongly claimed that 39.28 crore poor people have received financial assistance of ₹34,800 under its Pradhan Mantri Garib Kalyan package so far. Read | Legal system geared to favour the rich, powerful: Justice Gupta A Finance Ministry statement explaining the break-up of the assistance showed that the figure included 20.05 crore women who hold the Jan Dhan …

Second installment of ₹500 to be credited to Jan Dhan accounts from May 4: Finance Ministry
4 years, 10 months ago

Second installment of ₹500 to be credited to Jan Dhan accounts from May 4: Finance Ministry

The Hindu  

Women Jan Dhan bank account holders will start getting the second installment of ₹500 from Monday in line with the announcement made by Finance Minister Nirmala Sitharaman in March. To help the poor tide over the COVID-19 crisis, the government had on March 26 said ex-gratia payment of ₹500 would be credited to women Jan Dhan account holders for the …

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 …

Government to deposit ₹1,000 in women PMJDY accounts in two instalments
4 years, 11 months ago

Government to deposit ₹1,000 in women PMJDY accounts in two instalments

The Hindu  

Urging people not to believe in the rumours, the Finance Ministry on April 9 said ₹500 has been deposited in each Pradhan Mantri Jan Dhan Yojana account held by women for April and ₹1,000 more will be given over the next two months in equal instalments. The Department of Financial Services in a tweet said the government has deposited ₹500 …

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 …

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data
5 years, 8 months ago

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data

Firstpost  

New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 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 Rs 1,00,495.94 crore as on 3 July. The finance ministry had …

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 …

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 makes flagship financial inclusion scheme 'Jan Dhan' open-ended with more incentives, says Arun Jaitley
6 years, 6 months ago

Govt makes flagship financial inclusion scheme 'Jan Dhan' open-ended with more incentives, says Arun Jaitley

Firstpost  

New Delhi: The government on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana an open-ended scheme and added more incentives to encourage people to open bank accounts. The free accident insurance cover for those opening Jan Dhan accounts after 28 August too has been doubled to Rs 2 lakh. “It has been decided to continue the flagship financial …

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 …

India needs Jan Dhan, and not just Jan Dhan accounts
6 years, 10 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 …

The Jan-Dhan Yojana, four years later
6 years, 10 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 …

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 …

Jan Dhan Yojana: showing small, but steady impact on our lives
7 years, 5 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 …

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, 3 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 …

₹100 crore deposits found in 500 Jan Dhan accounts in Indore region
8 years, 3 months ago

₹100 crore deposits found in 500 Jan Dhan accounts in Indore region

Hindustan Times  

The Income Tax department has traced several multi-crore transactions people made in Indore region, after the Centre announced demonetisation of Rs 500 and Rs 1,000 bank notes on November 8. Vinod Kumar Mathur, chief I-T commissioner, Indore region, said on Friday that the department’s investigation wing has collected details of 500 Jan Dhan accounts, which have received deposits of more …

Inflows in Jan Dhan accounts decreased after public warning: Government
8 years, 3 months ago

Inflows in Jan Dhan accounts decreased after public warning: Government

India TV News  

Following the Income Tax Department's warning on not allowing misuse of Jan Dhan accounts for laundering black money post-demonetisation, inflows into such accounts have come down significantly, the government has said. "The average per account deposit in Jan Dhan accounts is Rs 13,113 for this entire period from November 8 to December 2, which is not alarming, given the need …

Jan Dhan money must go to poor, says PM Narendra Modi
8 years, 3 months ago

Jan Dhan money must go to poor, says PM Narendra Modi

Live Mint  

Moradabad: Prime Minister Narendra Modi on Saturday said he is working on a formula on how to send the corrupt to jail who deposited their money in Jan Dhan accounts of poor after demonetisation and ensure this money goes to the poor households. Responding to criticism over long queues outside banks and ATMs since the note ban decision on 8 …

Undisclosed Rs 1.64 crore in Jan Dhan accounts
8 years, 3 months ago

Undisclosed Rs 1.64 crore in Jan Dhan accounts

Deccan Chronicle  

New Delhi: Income tax department has started investigating the sudden surge in funds deposited in Jan Dhan accounts post- demonetisation of Rs 500 and Rs 1,000 currency notes on November 8. The I-T department said on Friday that its investigations across India into the sudden surge in cash deposits in Jan Dhan accounts have revealed various inconsistencies. During its investigation, …

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 …

Billionaire for a day: Rs 9806 cr credited to taxi driver's Jan Dhan account
8 years, 4 months ago

Billionaire for a day: Rs 9806 cr credited to taxi driver's Jan Dhan account

Deccan Chronicle  

Amritsar: A taxi driver from Punjab was shell-shocked when his Jan Dhan account was credited with over Rs 98 billion on November 4. An amount of Rs Rs 98,05,95,12,231 was credited to Balwinder Singh’s account in State Bank of Patiala, said a Hindustan Times report. He went to the bank several times to sort out the confusion, but instead of …

Demonetisation impact: Jan Dhan accounts in Odisha flush with cash
8 years, 4 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 …

Modi's Jan Dhan scheme: How banks are depositing Re 1 to reduce zero-balance accounts
8 years, 6 months ago

Modi's Jan Dhan scheme: How banks are depositing Re 1 to reduce zero-balance accounts

Firstpost  

The Narendra Modi government’s flagship scheme, the Jan Dhan, which was launched with much fanfare in August 2014, is facing rough waters. As per the report, several zero-balance Jan Dhan accounts held by poor people became operational after banking officials deliberately deposited Re 1 into their accounts. The report suggests that such zero-balance accounts formed almost half of the Rs …

Jan Dhan reality check: Manmohan Singh's criticism is indeed right but only partially
8 years, 11 months ago

Jan Dhan reality check: Manmohan Singh's criticism is indeed right but only partially

Firstpost  

Unless the livelihood issues are resolved first, there is very little these bank accounts alone can do If there is one thing Prime Minister Narendra Modi highlights in most of his foreign trips, it is the achievement his government has made with respect to the massive bank account opening drive under his flagship scheme Jan Dhan Yojana. The numbers indeed …

Deposits in Jan Dhan accounts cross Rs 30,000 crore
9 years, 2 months ago

Deposits in Jan Dhan accounts cross Rs 30,000 crore

Firstpost  

Deposits in accounts opened under the government’s flagship financial inclusion programme – Pradhan Mantri Jan Dhan Yojana – have crossed the Rs 30,000 crore mark New Delhi: Deposits in accounts opened under the government’s flagship financial inclusion programme – Pradhan Mantri Jan Dhan Yojana – have crossed the Rs 30,000 crore mark. As many as 20.38 crore bank accounts were …

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