Lok Sabha Question No. 243 (UNSTARRED), answered on 2019-06-24
Subject: Pradhan Mantri Jandhan Yojana
Ministry: FINANCE
Asked by: Jagdambika Pal, Sukanta Majumdar

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

## LOK SABHA UNSTARRED QUESTION No.  243

To be answered on Monday, June 24, 2019/Ashadha 3, 1941 (Saka)

## Pradhan Mantri Jandhan Yojana

## 243. SHRI JAGDAMBIKA PAL: DR. SUKANTA MAJUMDAR:

Will the Minister of FINANCE be pleased to state:

- (a)   the  salient  features  of  Pradhan  Mantri  Jan  Dhan Yojana (PMJDY) along with the criteria fixed for the beneficiaries under the scheme  and  the  total number  of beneficiaries under the scheme so far, State/UT-wise including Siddharth Nagar District;
- (b)  whether  PMJDY  has  failed  and  if  so,  the  details  thereof  and  the  reaction  of  the Government thereto;
- (c) whether 335 million accounts have been opened in the banks under the scheme so far in which an average amount of Rs. 2548/- has been deposited till now and if so, the details thereof;
- (d)  whether  almost  40  per  cent  of  the  said  accounts  were  inoperative  till  December, 2018; and
- (e)  if  so,  the  details  thereof  and  the  reasons  for  constant  decline  in  the  operational accounts along with the remedial steps taken by the Government so far in this regard?

## Answer

## The Finance Minister (SHRIMATI NIRMALA SITHARAMAN)

- (a)  The salient features of Pradhan Mantri Jan Dhan Yojana (PMJDY), launched initially for  a  period  of  4  years  (in  two  phases)  on  28 th  August  2014, inter  alia include  the following:
- (i)   Universal access to banking facilities for all households with atleast one  Basic Bank Account along with   RuPay Debit card, having an in-built accident insurance cover of Rs.1 lakh.
- (ii)  An  overdraft facility upto Rs.5000/- after satisfactory operation in the account for 6 months.
- (iii) A life cover of Rs.30,000/- to those beneficiaries who opened their accounts for the first time from 15.08.2014 to 31.01.2015.
- (iv)  Micro-insurance to the people.

With  a  view  to  further  consolidate  the  gains  made  through  financial  inclusion initiatives of the Government during the first two phases, PMJDY has been extended beyond  28.8.2018  with  the  focus  for  opening  of  accounts  shifting  from  'every household' to 'every unbanked adult', with following modifications:

- (i) Accidental  insurance  cover  for  new  RuPay  card  issued  in  respect  of  PMJDY accounts opened after 28.8.2018 raised from existing Rs.1 lakh to Rs. 2 lakh.
- (ii) Existing  Overdraft  (OD)  limit  revised  from  Rs.  5,000  to  Rs.  10,000,  with  no conditions attached for OD upto Rs. 2,000.
- (iii) Age limit for availing OD facility revised from 18-60 years to 18-65 years.

In Siddharth Nagar District, as on 12.6.2019, there are 16.87 lakh Current Accounts and Savings Accounts (CASA), which includes 5.9 lakh PMJDY accounts

State/UT-wise details of the PMJDY accounts is Annexed .

(b)  to  (c)  No,  Sir.  The  Financial  Inclusion  (FI)  initiatives  implemented  through  PMJDY since August, 2014 has provided an enabling environment for people to avail banking & financial services in the country. As a result of  the consistent efforts made over time, as on 12.6.2019, 35.81 crore Jan-Dhan accounts have been opened under PMJDY, with an average deposit balance of approx. Rs. 2762/- per account.

(d) to (e) No Sir; Approx. 28.17 crore PMJDY accounts (83.7% of total PMJDY accounts) were operative as on 26.12.2018. The share of operative accounts has also increased significantly since March, 2017.

*******

## Annexure as referred to in part (a) of reply to the Lok Sabha question No. 243 for 24.6.2019 regarding "Pradhan Mantri Jandhan Yojana''

| PMJDY progress as on 12.06.2019   | PMJDY progress as on 12.06.2019   | PMJDY progress as on 12.06.2019   |
|-----------------------------------|-----------------------------------|-----------------------------------|
| S.No                              | State/UT                          | accounts                          |
| 1                                 | ANDAMAN & NICOBAR ISLANDS         | 50,162                            |
| 2                                 | ANDHRA PRADESH                    | 98,35,330                         |
| 3                                 | ARUNACHAL PRADESH                 | 2,94,240                          |
| 4                                 | ASSAM                             | 1,51,75,379                       |
| 5                                 | BIHAR                             | 4,05,90,354                       |
| 6                                 | CHANDIGARH                        | 2,48,656                          |
| 7                                 | CHHATTISGARH                      | 1,41,23,821                       |
| 8                                 | DADRA & NAGAR HAVELI              | 1,17,325                          |
| 9                                 | DAMAN & DIU                       | 52,480                            |
| 10                                | DELHI                             | 44,19,636                         |
| 11                                | GOA                               | 1,60,168                          |
| 12                                | GUJARAT                           | 1,40,04,719                       |
| 13                                | HARYANA                           | 71,85,171                         |
| 14                                | HIMACHAL PRADESH                  | 12,01,540                         |
| 15                                | JAMMU & KASHMIR                   | 21,25,485                         |
| 16                                | JHARKHAND                         | 1,25,23,587                       |
| 17                                | KARNATAKA                         | 1,45,07,275                       |
| 18                                | KERALA                            | 39,17,977                         |
| 19                                | LAKSHADWEEP                       | 5,232                             |
| 20                                | MADHYA PRADESH                    | 3,09,97,988                       |
| 21                                | MAHARASHTRA                       | 2,50,99,908                       |
| 22                                | MANIPUR                           | 9,08,214                          |
| 23                                | MEGHALAYA                         | 4,83,646                          |
| 24                                | MIZORAM                           | 3,01,070                          |
| 25                                | NAGALAND                          | 2,71,928                          |
| 26                                | ODISHA                            | 1,44,21,784                       |
| 27                                | PUDUCHERRY                        | 1,50,655                          |
| 28                                | PUNJAB                            | 67,48,815                         |
| 29                                | RAJASTHAN                         | 2,53,11,423                       |
| 30                                | SIKKIM                            | 92,957                            |
| 31                                | TAMIL NADU                        | 1,00,95,470                       |
| 32                                | TELANGANA                         | 95,92,367                         |
| 33                                | TRIPURA                           | 8,78,579                          |
| 34                                | UTTAR PRADESH                     | 5,58,72,191                       |
| 35                                | UTTARAKHAND                       | 24,66,874                         |
| 36                                | WEST BENGAL                       | 3,44,59,865                       |
| Total                             | Total                             | 35,86,92,271                      |