Prime Minister Modi Celebrates 10 Years of Jan Dhan Yojana
Prime Minister Narendra Modi praised the Jan Dhan Yojana on its 10th anniversary, highlighting its role in enhancing financial inclusion and dignity for millions, especially women, youth, and marginalized communities.
Key Achievements
The Pradhan Mantri Jan Dhan Yojana (PMJDY) has achieved a milestone of 53.13 crore accounts. Of these, 55.6% are held by women and 66.6% are in rural and semi-urban areas. The total deposit balance stands at Rs. 2,31,236 crore, with an average deposit per account of Rs. 4,352 as of August 14, 2024.
Digital Transactions
With over 36.06 crore RuPay debit cards issued, 89.67 lakh point-of-sale machines installed, and mobile-based payment systems like UPI introduced, digital transactions have surged. UPI transactions increased from 535 crore in FY 2018-19 to 13,113 crore in FY 2023-24. RuPay card transactions at PoS and e-commerce sites rose from 67 crore in FY 2017-18 to 96.78 crore in FY 2023-24.
About PMJDY
Launched on August 15, 2014, PMJDY aims to provide every unbanked adult with a basic bank account, free RuPay debit card with accident insurance, and overdraft facilities up to Rs. 10,000. The scheme promotes financial inclusion by offering banking, savings, deposit accounts, remittance, credit, insurance, and pension services affordably.
Doubts Revealed
Prime Minister Modi -: Prime Minister Modi is the leader of India. He makes important decisions for the country.
Jan Dhan Yojana -: Jan Dhan Yojana is a government program started in 2014 to help people open bank accounts and use banking services.
financial inclusion -: Financial inclusion means making sure everyone has access to useful and affordable financial services, like bank accounts and loans.
marginalized communities -: Marginalized communities are groups of people who are often left out or treated unfairly in society, like some poor or minority groups.
53.13 crore accounts -: 53.13 crore accounts means there are 531.3 million bank accounts opened under the Jan Dhan Yojana scheme.
RuPay debit cards -: RuPay debit cards are Indian debit cards that people can use to take out money or pay for things.
overdraft facilities -: Overdraft facilities allow people to spend more money than they have in their bank account, up to a certain limit.
