Over 71 million bank accounts have been opened through the Pradhan Mantri Jan Dhan Yojana so far in the villages in India and the money deposited amounts to Rs.5,000 crore, Indian Prime Minister Narendra Modi said in Sydney in his address at the Allphones Arena on Monday.
>Addressing the euphoric crowd of around 16,000 Indian diaspora , Mr. Modi said that this was done by the same government infrastructure, the same government servants and with the same habits, “but the work has got done”.
He said when he asked the Reserve Bank of India, he was told by the officers it would take three years to open bank accounts in the villages.
He said he then approached the finance ministry which said it would take two years, while his own Prime Minister’s Office said one year.
“I heard everyone, and announced Aug 15 that I want the work in 150 days,” he said. “I said that Jan 26 is the final date, and all bank employees are on overdrive to get rural families access to the banking system.”
