The PMJDY was launched on August 28, 2014, with an aim to provide universal access to banking facilities to the people in the country.
Economy:-Stores in financial balances opened under Jan Dhan conspire, propelled around five years prior by the Modi-government, have crossed the Rs 1 lakh crore mark.
According to the most recent fund service information, the all out parity in over 36.06 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at Rs 1,00,495.94 crore as on July 3.
The stores in the record of the recipients, which has been consistently rising, was Rs 99,649.84 crore on June 6 and Rs 99,232.71 crore in the prior week.
The PMJDY was propelled on August 28, 2014, with a plan to give all inclusive access to banking offices to the general population in the nation.
Records opened under PMJDY are Basic Savings Bank Deposit (BSBD) accounts with extra element of RuPay plastic and overdraft.
The money service had as of late said in the Rajya Sabha that the quantity of zero parity accounts under PMJDY declined from 5.10 crore (16.22 percent of the all out records) in March 2018 to 5.07 crore (14.37 percent of the complete records) in March 2019.
More than 28.44 crore account holders have been issued the Rupay platinum cards.
There is no prerequisite of keeping up least parity in BSBD accounts.
Enthused by the accomplishment of the plan, the legislature upgraded the mishap protection spread to Rs 2 lakh from Rs 1 lakh for new records opened after August 28, 2018.
As far as possible has additionally been multiplied to Rs 10,000.
The administration likewise moved the attention on records from ‘each householkd’ to ‘each unbanked grown-up’.
More than 50 percent of the Jan Dhan account holders are ladies.
The target of PMJDY is to guarantee access to different money related administrations like accessibility of essential reserve funds financial balance, access to need based credit, settlements office, protection and benefits to more fragile segments and low salary gatherings.
The PMJDY likewise visualizes diverting all administration advantages to the recipient records and pushing the Direct Benefit Transfer (DBT) plan of the focal government.
Aditi Mehta 