11.50 cr. bank accounts opened under Jan Dhan Yojana

Achievements under scheme mentioned in Guinness record, says Jaitley

Published - January 21, 2015 01:20 am IST - New Delhi:

Union Finance Minister Arun Jaitley said on Tuesday that the Guinness Book of World Records had recognised the achievements made under the Pradhan Mantri Jan Dhan Yojana (PMJDY), the biggest financial inclusion initiative in the world.

The records book gave a certificate on Tuesday stating that the “Most bank accounts opened in one week as part of the Financial Inclusion Campaign is 1,80,96,130 and was achieved by the Department of Financial Services, Government of India, from 23rd to 29th August, 2014.”

By January 17, 2015 banks had opened 11.50 crore accounts, covering 99.74 per cent of the households that were outside the banking system against the original target of 7.5 crore accounts that Prime Minister Narendra Modi had set for achieving by January 26, 2015.

Addressing reporters, Mr. Jaitley said that out of the accounts opened, cumulatively, the deposits across the accounts totalled to Rs. 9,188 crore. The share of women account holders was about 51 per cent and 60 per cent of the accounts were in rural areas. Mr. Jaitley said Rupay cards had been issued to more than 10 crore beneficiaries who would get a benefit of personal accidental insurance of Rs. 1 lakh under the Yojana. In addition, a life insurance cover of Rs. 30,000 was also being provided to eligible beneficiaries.

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