Lok Sabha Question No. 169 (STARRED), answered on 2018-12-21
Subject: Pradhan Mantri Jan-Dhan Yojana
Ministry: FINANCE
Asked by: George Baker, FEROZE VARUN GANDHI

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

## LOK SABHA STARRED QUESTION No.*169

TO BE ANSWERED ON 21 DECEMBER, 2018 (FRIDA Y) /AGRAHAYANA 30, 1940 (SAKA)

## Pradhan Mantri Jan-Dan Yojana

- *169 . SHRI GEORGE BAKER: SHRI FEROZE VARUN GANDHI:

Will the Minister of FINANCE be pleased to state:

- (a) the salient features of the Pradhan Mantri Jan-Dhan Yojana (PMJDY);
- (b) the number of accounts opened under this Yojana so far specially in far areas. State/UT-wise; flung
- (c) the details of targets set and achievements made, funds allocated/ utilized. number of families benefited under this Yojana since its inception, the number of accounts having no transactions along with the details of limit of overdraft of its account holders and their age limit, State/UT-wise;
- (d) whether the Government is planning to change their overdrafi limit with their age limit and extend the facilities of the Yojana to all Direct Benefit Transfer account holders making it open-ended, if so, the details thereof and the reasons therefor; and
- the time by which it is likely to be implemented?

Answer The Finance Minister (SHRI ARUN JAITLEY)

(a) t0 (e) A Statement is laid on the Table of the House.

Statement referred to in reply to (a) to (e) of Lok Sabha Starred Question No. 169 Position) for December, 2018 by Shri George Baker and Shri Feroze Varun Gandhi, M.P, regarding "Pradhan Mantri Jan-Dhan Yojana parts (9th

- (a) to (e): The salient features of Pradhan Mantri Jan Dhan Yojana (PMJDY) launched
- Universal access t0 banking facilities for all households across the country through a bank branch or a fixed Business Correspondent (BC) within a reasonable distance with atleast one Basic Bank Account along with   RuPay Debit card having an in-built accident insurance cover of Rs.1 lakh: point
- (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 t0 31.01.2015.
- (iv) Financial literacy programme which aims t0 take financial literacy upto village level.
- Expanding Direct Benefit Transfer (DBT) under various Government Schemes through bank accounts of the beneficiaries.
- (vi) Providing micro-insurance the people: to
- vii) Unorganised sector Pension schemes through the Business Correspondents.

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

- 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) limit for availing OD facility revised from 18-60 years to 18-65 years. Age

60% of OD availed under PMJDY are eligible to be covered under Credit Guarantee Fund for Micro Units (CGFMU)

The   initial estimated  target   under PMJDY was to cover crore uncovered  rural

As on 12.12.2018, a total of 33.55 crore accounts have been opened under PMJDY. out of which 19.86 crore accounts are in rural areas. Statel UT-wise position of' accounts opened under PMJDY. number of operative PMJDY accounts (i.e. accounts having atleast one customer induced transaction during last two years) is Annexed.

As 07.12.2018, 65.47 lakh accounts have been sanctioned OD facility. of' which 30.75 lakh account-holders have availed this  facility involving an amount of Rs. 340.19 crore State-wise details of PMJDY account holders availing OD and their age limit is not centrally maintained.

AII PMJDY account holders, including those receiving DBT are eligible for availing overdraft   facility. The   eligibility   conditions for  availing OD under PMJDY. include that the account should be active with credit. which could be from Direct Benefit Transfer (DBT) or from other source. regular

| Lok Sabha Starred Questiou   | Lok Sabha Starred Questiou   | Lok Sabha Starred Questiou   | Lok Sabha Starred Questiou                           | Lok Sabha Starred Questiou                | Lok Sabha Starred Questiou   |
|------------------------------|------------------------------|------------------------------|------------------------------------------------------|-------------------------------------------|------------------------------|
|                              | State Name                   | Beneficiaries at centre bank | urbanlmetro centre Total Beneficiarics bank branches | Balance in beweficiny accounts (in crore) |                              |
|                              |                              |                              | 51,275                                               |                                           |                              |
| Andhra padesh                |                              | 46,44,966                    |                                                      |                                           |                              |
|                              | 1,65,783                     |                              |                                                      |                                           |                              |
| Daman & diu                  | 24,918                       |                              |                                                      | 19.02                                     |                              |
| Delhi                        | 4,96.506                     |                              | 41,78,636                                            | 4,608.53                                  |                              |
| Go:                          | 1,07,758                     |                              |                                                      | 86.26                                     |                              |
|                              |                              | 60,77,939                    | 1,28.84,598                                          |                                           |                              |
|                              | 3452,651                     |                              | 66,42.602                                            |                                           |                              |
|                              | 8,69,494                     |                              | 10,00.830                                            |                                           |                              |
| kashmir                      |                              |                              |                                                      | 855,01                                    |                              |
| T6] Jharkhand                |                              |                              |                                                      | 2.668.97                                  |                              |
|                              |                              |                              |                                                      | 2,862.93                                  | 1,01,99,386                  |
|                              |                              |                              |                                                      | 1,098.07                                  |                              |
|                              |                              | 686                          |                                                      |                                           |                              |
|                              | 669                          |                              |                                                      |                                           |                              |
|                              |                              | 498.64J                      | 8,79,947                                             |                                           |                              |
|                              |                              | 70504                        |                                                      |                                           |                              |
|                              |                              | 144254                       |                                                      | 46.71                                     |                              |
|                              | 97.62,788                    |                              |                                                      |                                           |                              |
|                              |                              | 94.66.[29                    |                                                      | 6,360.92                                  | L                            |
|                              | 68.252                       |                              |                                                      |                                           |                              |
| Tamil nadu                   |                              | 49,69.1J0                    |                                                      | 1,620.67                                  |                              |
|                              | 47,78,396                    |                              | 93,2+.840                                            | 1,469.81                                  |                              |
|                              |                              |                              |                                                      | 653                                       |                              |
| padesh                       | 5.13,80,966                  |                              |                                                      |                                           |                              |
|                              | 1471,059                     | 8,75.498                     |                                                      | 978.61                                    |                              |
|                              |                              | 13,69,10,297                 |                                                      | 85,494.69                                 |                              |