Atotal of 30.71 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), including 18.05 crore accounts opened in rural/semi-urban areas as of December 6, 2017. The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion that ensures access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
According to a government press release, banks are opening PMJDY accounts for unbanked persons at their branches. In addition to uncovered Sub-Service Areas (SSAs) with 1000-1500 households, Bank Mitras, who can open PMJDY accounts, are deployed. State/UT-wise number of PMJDY accounts is annexed at Table 1.
The Department of Revenue has apprised that based on information received from 187 Reporting Entities, Rs. 42,187crore had been deposited in 3,74,14,844 PMJDY accounts during the period 8.11.2016 to 30.12.2016. A number of measures have been taken up by the Government, which include the collection of information on cash transactions, collating and analysis of such information, extensive use of information technology and data analytic tools for identification of high-risk cases, expeditious verification of suspect cases and enforcement action as required.
Under the PMJDY, an account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. It has to be noted that accounts opened under PMJDY are being opened with Zero balance. However, if the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.