Jan Dhan Yojana

Principal Secretary PK Mishra cautioned financial systems against excessive speculation and market instability, emphasizing their connection to the real economy and citizens' lives. He highlighted India's digital public infrastructure, including the JAM trinity and UPI, as transformative forces for financial inclusion and credit access, particularly for underserved populations.

Nalanda University actively participated in a national conference focused on technology's role in tribal India's transformation. Vice-Chancellor Sachin Chaturvedi led a session emphasizing digital infrastructure for remote areas, advocating for integrating Pradhan Mantri Jan Dhan Yojana with public digital systems to boost financial inclusion. The university reaffirmed its dedication to knowledge, technology, and inclusive growth.

India's financial landscape has been revolutionized by UPI, the nation's digital payments centerpiece. Launched in 2016, it has become the world's largest real-time payment system by volume, processing billions of transactions monthly. UPI has significantly expanded financial inclusion, bringing millions into the digital economy and setting a global benchmark for inclusive financial innovation.

Around Rs 5,400cr have been deposited in over 7 crore bank accounts opened under Pradhan Mantri Jan Dhan Yojana of which 74% of accounts are with zero balance.

Prime Minister Narendra Modi celebrated the 10th anniversary of the Jan Dhan Yojana, emphasizing its impact on financial inclusion. Since its 2014 launch, the scheme has opened over 53 crore bank accounts and enabled Rs. 39 lakh crore in direct transfers.

Prime Minister Narendra Modi commended the achievements and contributors to the Jan Dhan Yojana on its ten-year anniversary. Launched in 2014, the scheme has greatly advanced financial inclusion, especially for women, youth, and marginalized groups, by providing universal banking access, financial literacy, and essential financial services like credit, insurance, and pensions.

Dakshina Kannada district achieves 95% of the target in the implementation of Pradhan Mantri Jan Dhan Yojana by ensuring bank accounts to 4.17 families, said Amarnath Hegde, Lead Bank manager.

Over six crore bank accounts have been opened so far under the Pradhan Mantri Jan Dhan Yojana (PMJDY), Finance Minister Arun Jaitely said today.

Ujjain district of Madhya Pradesh leads in implementation of Prime Minister's Jan-Dhan Yojana with cent percent banking coverage, a government release said on Saturday.

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

Reserve Bank of India governor Raghuram Rajan on Monday cautioned banks against hasty implementation of the Prime Minister's Jan Dhan Yojana — a scheme aimed at providing every household with a bank account.

Even as Prime Minister Narendra Modi launched Pradhan Mantri Jan-Dhan Yojana in New Delhi, the scheme was simultaneously opened at Town Hall in the coastal city.

The lack of clarity regarding who should open accounts under the Pradhan Mandri Jan Dhan Yojana (PMJYD) has drawn flak from the bankers.

Chief minister Shivraj Singh Chouhan has said that excellent work has been done under Pradhan Mantri Jan-Dhan Yojana, which is useful for common people.

More than 40 crore bank accounts have been opened under the government's flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY), launched about six years ago by the Modi-government.

Officials said that a large number of people have been making inquiries with banks regarding PMJYD as zero balance bank account with RuPay debit card would be issued to the beneficiaries.

Prime Minister Narendra Modi on Saturday outlined the next phase of the Jan-Dhan Yojana to include credit, insurance and pension as he complimented bankers for near 100% coverage of households under the massive financial inclusion drive.

Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month.

The department of financial services, ministry of finance has issued instructions that in case people are already holding bank accounts, they need not open another bank account to avail of benefits under Pradhan Mantri Jan Dhan Yojana

Edited

Dakshina Kannada district has achieved 95% of the target in the implementation of Pradhan Mantri Jan Dhan Yojana by ensuring bank accounts to 4.17 lakh families, said Amarnath Hegde, lead bank manager. Banks in Dakshina Kannada have opened 1.42 lakh new bank accounts through the Pradhan Mantri Jan Dhan Yojana to achieve 95% of the target.

Kerala has become a total banking state with 100% coverage of households with bank accounts under the prime minister’s Jan Dhan Yojana.

New Delhi, Nov 1 () The Congress Thursday dubbed the Pradhan Mantri Jan Dhan Yojana as "yet another jumla" and alleged that these accounts were used to launder money during demonetisation as a sum of Rs 42,187 crore was deposited in them.

Speaking at a conclave on Financial Inclusion, Arun Jaitley said the number of zero-balance accounts has reduced from 77 per cent to 20 per cent and even these would become operational once the direct benefit transfer is expanded.