Lok Sabha Question No. 2734 (UNSTARRED), answered on 2017-03-17
Subject: PMJDY
Ministry: FINANCE
Asked by: SANJAY SHAMRAO DHOTRE, RAHUL RAMESH SHEWALE, SATYA PAL SINGH, P.R. SUNDARAM, PR. SENTHILNATHAN, RABINDRA KUMAR JENA, PARESH RAWAL, ABHISHEK SINGH, JAYSHREEBEN  PATEL

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION No\_ 2734

TO BE ANSWERED ON 17th MARCH, 2017 (FRIDAYJPHALGUNA 26, 1938 (SAKA)

## PMJDY

2734. SHRI SANJAY DHOTRE:

SHRI RAHUL SHEWALE:

DR: SATYAPAL SINGH:

SHRI PR: SENTHIL NATHAN:

SHRI RABINDRA KUMAR JENA:

SHRI PARESH RAVAL:

SHRI ABHISHEK SINGH:

SHRIMATI JAYSHREEBEN PATEL:

- (a) whether the Government has achieved the aims and objectives of implementing the Pradhan Mantri Jan-Dhan Yojana (PMJDY) in the country;
- (c) whether the Government has set targets for public and private sector banks for their earlier financial inclusion plans;
- (b) if SO the salient features of the Yojana along with the number  of accounts openedllying dormant accounts under the  Yojana SO far across the country, State/UT-wise;
- (d) if so, the details and achievements made thereof, bank-wise;
- if SO, the details State/UT and bank-wise along with the action taken/being taken by the Government in such cases so far; and
- (e) whether the cases for  depositing notes   fraudulently into these accounts have come to the notice of the Government since demonetization across the country;
- (g) the other steps taken/being taken by the Government to curb fraudulent use of

## Answer

## The Minister of State in the Ministry of Finance (SHRI SANTOSH KUMAR GANGWAR)

- (a) and (b) The status of achievement of the objectives of Pradhan Mantri Jan Dhan Yojana (PMJDY) is as follows:
- (ii) 27.97 crore bank accounts have been opened, with accountholders fulfilling requirements having access to overdraft facility and RuPay debit card;
- Access to banking facilities has been provided through deployment of Bank Mitras in sub-service areas across the country;
- (iii) Financial literacy programmes have been launched by banks;
- (iv) Credit  guarantee cover has been   provided for default in overdraft   from PMJDY accounts;
- Willing and eligible persons have been given the of availing of microinsurance cover, in the form of personal accident  insurance cover under Pradhan Mantri Suraksha Bima   Yojana and life insurance cover under Pradhan Mantri Jeevan Jyoti Bima Yojana; and option
- (vi) Atal Pension Yojana has been launched to provide a pension scheme for the unorganised sector.

The State/UT-wise number of PMJDY accounts opened is at Annex 4.59 crore accounts were inoperativeldormant; as on 8.2.2017, according to reports received from public sector banks, Regional Rural Banks, and 13 private sector banks. State/UT-wise number of PMJDY accounts   lying inoperativeldormant is not maintained.

- (c) and (d) The Financial inclusion plans of banks are approved by their respective Boards. Government has not set targets under PMJDY in respect of these plans:
- (g) With a view to protect PMJDY accountholders from activities of money-lenders and legal consequences under the Benami Property Transaction and Money Laundering laws, as a temporary measure, the Reserve Bank of India, vide its communication dated 29.11.2016, advised banks to observe the following in respect of PMJDY accounts:
- (e) and (f) Available inputs indicate that during the period of demonetization , an amount of approximately Rs. 42,187 crore was deposited in cash PMJDY accounts during the period from 8.11.2016 to 30.12.2016. It cannot be stated whether the deposits are fraudulent or not: Relevant information has been disseminated to the law enforcement agencies concerned.
- Fully KYC-compliant accountholders may be allowed to withdraw Rs. 10,000 from their account; in a month Branch managers may allow further withdrawals beyond Rs. 10,000, within the applicable limits , only after ascertaining the genuineness of such withdrawals and duly documenting the same on bank's record\_
- ii) Limited or non-KYC compliant accountholders may be allowed to withdraw Rs\_ 5,000 per month from the amount deposited through Specified Bank such accounts.

## Annex

## Accounts under PMJDY

| S.No.   | State Union Territory     | Number of accounts   |
|---------|---------------------------|----------------------|
|         | Andhra Pradesh            | 86,66,321            |
| 2       | Arunachal Pradesh         | 2,02,321             |
| 3       | Assam                     |                      |
| 4       | Bihar                     | 281,72,149           |
| 5       | Chhattisgarh              | 122,90,639           |
| 6       | Goa                       |                      |
| 7       | Gujarat                   | 104,10,184]          |
| 8       | Haryana                   | 59,53,593            |
| 9       | Himachal Pradesh          | 9,32,755             |
| 10      | Jammu & Kashmir           | 21,44,678            |
| 11      | Jharkhand                 | 96,18,181            |
| 12      | Karnataka                 | 104,95,984           |
| 13      | Kerala                    | 32,19,948            |
| 14      | Madhya Pradesh            | 248,75,425           |
| 15      | Maharashtra               | 185,08,299           |
| 16      | Manipur                   | 7,18,385             |
| 17      | Meghalaya                 | 3,89,658             |
| 18      | Mizoram                   | 2,74,862             |
| 19      | Nagaland                  | 2,00,382             |
| 20      | Odisha                    | 111,51,429           |
| 21      | Punjab                    | 55,54,099            |
| 22      | Rajasthan                 | 196,28,837           |
| 23      | Sikkim                    | 82,687               |
| 24      | Tamil Nadu                |                      |
| 25      | Telangana                 | 87,29,388            |
| 26      | Tripura                   | 7,82,778             |
| 27      | Uttar Pradesh             | 435,56,702           |
| 28      | Uttarakhand               | 21,89,699            |
| 29      | West Bengal               |                      |
| 30      | Andaman & Nicobar Islands | 54,478               |
| 31      | Chandigarh                | 2,21,4951            |
| 32      | Dadra & Nagar Haveli      | 77,101               |
| 33      | Daman & Diu               |                      |
| 34      | Delhi                     | 36,58,086            |
| 35      | Lakshadweep               | 4,765                |
| 36      | Puducherry                | 1,24,353             |
| Total   | Total                     | 2797,32,759          |

As on 8.3.2017

Soruce: Public Sector Banks, Regional Rural Banks and 13 private sector banks