Deposits in Jan Dhan accounts to cross Rs 90,000 cr

New Delhi, February 10

The deposits in Jan Dhan accounts are set to cross Rs 90,000 crore, with the government making the flagship financial inclusion programme more attractive, especially by doubling the accident insurance cover to Rs 2 lakh.

According to data from the finance ministry, the deposits, which have been steadily rising since March 2017, have already reached Rs 89,257.57 crore as on January 30, and are steadily rising.

The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014, with an aim to provide universal access to banking facilities for all households.

Enthused by the success of the scheme, the government has enhanced the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after August 28, 2018. The overdraft limit has also been doubled to Rs 10,000. The government has also shifted the focus on accounts from ‘every household’ to ‘every unbanked adult’.

The latest data shows there were 34.14 crore account holders under the PMJDY. An average deposit in these accounts was about Rs 2,615, compared with Rs 1,065 on March 25, 2015. Over 53 per cent of such account holders are women, and 59 per cent accounts are in rural and semi-urban areas. And 27.26 crore accounts holders have been issued RuPay debit cards. — PTI