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More Than Half of Bank Accounts Under PMJDY Scheme Held by Women Beneficiaries

More than half of financial institution accounts beneath the Pradhan Mantri Jan-Dhan Yojana (PMJDY) are held by ladies beneficiaries, based on an RTI reply. However, there is no such thing as a gender-wise information relating to quantity held by men and women account holders. The variety of accounts until September 9, 2020, beneath PMJDY was 40.63 crore, of which 22.44 crore accounts had been held by ladies and 18.19 crore by males, stated the RTI reply to Madhya Pradesh-based activist Chandra Shekhar Gaur.

The deposits in these PMJDY accounts witnessed an 8.5 per cent rise until early September of the present fiscal 12 months to just about Rs 1.30 lakh crore, based on the data supplied by the finance ministry. The whole steadiness beneath the PMJDY accounts on April 1, 2020, was Rs 119,680.86 crore, which grew by 8.5 per cent to Rs 129,811.06 crore by September 9, 2020, the federal government stated within the Right to Information (RTI) question.

However, based on the info furnished by the ministry, no separate information has been fashioned with respect to quantity held by men and women account holders. In response to a question on the variety of accounts with zero steadiness, the RTI reply stated as many as 3.01 crore accounts had no steadiness as of September 9, 2020.

There isn’t any separate information on zero steadiness account gender clever, the ministry added. According to the most recent information accessible on authorities web site,, there are 40.98 crore beneficiaries with Rs 130,360.53 crore steadiness as on October 7, 2020.

Of these, public sector banks (PSBs) have opened the utmost variety of PMJDY accounts at 32.48 crore accounting for Rs 1,00,869.65 crore steadiness. Regional rural banks have as many as 7.24 crore beneficiaries (Rs 25,509.05 crore) whereas personal sector banks have miniscule 1.27 crore accounts (Rs 3,981.83 crore).

Pradhan Mantri Jan-Dhan Yojana was launched in August 2014 beneath the National Mission for Financial Inclusion. Initially it was for a interval of 4 years (in two phases). It was prolonged past August 2018 with change in give attention to opening accounts from each family with some modifications comparable to revision in overdraft (OD) facility to Rs 10,000 from Rs 5,000; non-conditional OD facility for quantity as much as Rs 2,000 and revision in age restrict for OD from 18-60 years to 18-65 years.

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