Deposit in accounts opened under the government’s flagship financial inclusion programme, Pradhan Mantri Jan Dhan Yojana (PMJDY), have exceeded Rs.25,000 crore. Besides, the PMJDY accounts having balances have now exceeded 60 per cent and the zero balance accounts reduced to less than 40 per cent. The accounts that can be opened under PMJDY are Basic Savings Bank Deposit Accounts (BSBDA) which can be of zero balance. As on October 7, the deposits collected stood at Rs. 25,146.97 crore. So far, 18.7 crore accounts have been opened under the scheme.
Major banks which have contributed to this achievement are,
- SBI (Rs. 2,989.18 crore)
- United Bank of India (Rs. 2,644.77 crore)
- Oriental Bank of Commerce (Rs. 2,104.70 crore)
- Bank of Baroda (Rs. 1,771.42 crore)
- UCO Bank (Rs. 1,178.17 crore)
PMJDY, a national mission on financial inclusion, was announced by Prime Minister Narendra Modi in his Independence Day – 2014 speech and was formally launched by him on August 28 of same year with the main objective of covering all households with at least one bank account per household across the country.
