Lok Sabha Question No. 805 (UNSTARRED), answered on 2018-12-14
Subject: PMJDY
Ministry: FINANCE
Asked by: M. K. RAGHAVAN, MUTHAMSETTI SRINIVASA RAO (AVNTHI), K. C. VENUGOPAL

## GOVERNMENT OF INDIA

## MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION No. 805

TO BE ANSWERED ON [4"h DECEMBER, 2018 (FRIDAYYAGRAHAYANA 23. /940 (SAKA)

PMJDY

805 . SHRI MKRAGHAVAN:

SHRI MUTHAMSETTI SRINIVASA RAO (AVANTHI):

SHRI KC. VENUGOPAL:

Will the Minister of FINANCE be pleased to state:

- (a) the number of accounts created under Pradhan Mantri Jan-Dhan Yojana (PMJDY) and Basic Savings Bank Deposit Account (BSBDA) during the year 2014 and each year thereafter till 2018;
- b) the details of'  credit-deposit   ratio and urban   population in various States ineluding Kerala;
- C) the details of total number of accounts which are active, zero balance and inactive and the total cost involved in maintaining these accounts. for the period from 2014 t0 2018. vearwise:
- (d) the details of total amount deposited under the PMJDY accounts alter demonetisation as well as before demonetisation, separately; and
- whether the Government has made any inquiry against those Jan Dhan accounts in which amount of money was deposited after demonetisation and the Government is ready t0 withhold imposing   penalty for excess   transaction from the details thereof along with the steps taken by the Government t0 give a fillip to PMJDY? large being

## Answer

## The Minister of State in the Ministry of Finance (SHRI SHIV PRATAP SHUKLA)

- Following table shows the number of BSBD accounts and out of' them many are opened under PMJDY at the end of the financial year during 2013-14 to 2017-18: how

(In crore

| No   | Item                                              | 31.3.14   |       |   31.3.16 |   31.3.17 |   31.3.18 |
|------|---------------------------------------------------|-----------|-------|-----------|-----------|-----------|
|      | Number of BSBD accounts                           | 24.30     | 39.8  |     46.9  |     53.3  |     53.6  |
| (2   | Out of (1), number of accounts opened under PMJDY | **        | 14.72 |     21.43 |     28.17 |     31.44 |

Source: RBI, Public Sector Banks & major Private Sector Banks

PMJDY launched in August 2014

- Q4,is given in Annexure:
- (c) Number of operative PMJDY accounts at the end of the financial year during 2013-14 t0 2017-18 is given hereunder:

## In crore)

| Item                               |   31.3.15 |   31.3.16 |   31.3.17 |       |
|------------------------------------|-----------|-----------|-----------|-------|
| Number of operative PMJDY accounts |     14.72 |     21.43 |     17.01 | 25.38 |

Source: Public Sector Banks & major Private Sector Banks

Depending upon transactions carried Out by a Jan-Dhan account holder. the balance in any Jan-Dhan account can vary On day-tO-day basis and may even become zero on a particular Hence zero balance accounts under PMJDY are not centrally monitored. day .

As far as cost involved in maintaining these accounts is concerned. it is informed that like all other accounts in banking business. there is a cost for maintaining PMJDY accounts as well. However: as informed by Public Sector Banks. deposits under PMJDY accounts are low cost source of funds for banks which compensates the maintenance cost of these accounts. Cost for maintaining PMJDY accounts is not centrally maintained.

- (d) As reported banks. deposit amount as on date in PMJDY accounts for pre and post demonetization period. is given hereunder: by
- Department of Revenue  apprised that   based on information  received from various reporting entities, Rs. 42,187 crore had been deposited in 3.74,14.844 PMJDY aceounts the Government which inter-alia inelude collection of information on cash transactions: collating and analysis of such information. extensive use of information technology and cases: etc. The information disseminated t0 Law   Enforcement Agencies for appropriate action at their end. during -

| Dale       |   Deposit amount aS O date (in Rs.erore |
|------------|-----------------------------------------|
|            |                                 45302.5 |
| 9.11.2016  |                                 45636.6 |
| 30.11.2016 |                                 74321.6 |
| 28.12.2016 |                                 71036.6 |
| 29.3.2017  |                                 62972.4 |
| 28.3.2018  |                                 78494   |
| 5.12.2018  |                                 84814.5 |

Source: Public Sector Banks & major Private Sector Banks

To consolidate the gains made through finaneial inelusion initiatives implemented so (ar and deepen it further t0 accelerate the partieipation of the masses in the economic growth of the country. PMJDY has modification:

- There will not be any conditions attached for OD upto Rs. 2.000\_
- Age
- The accidental insurance cover for neW RuPay card holders raised trom existing

For opening of accounts under PMJDY. the focus has now been shifted t0 from ever

Annexure to Lok Sabha question no.805 for 14.12.2018

| Credit-Deposit (CD) Ratio StatelUTs-wise and Population Group-wise   | Credit-Deposit (CD) Ratio StatelUTs-wise and Population Group-wise   | Credit-Deposit (CD) Ratio StatelUTs-wise and Population Group-wise   | Credit-Deposit (CD) Ratio StatelUTs-wise and Population Group-wise   | Credit-Deposit (CD) Ratio StatelUTs-wise and Population Group-wise   |
|----------------------------------------------------------------------|----------------------------------------------------------------------|----------------------------------------------------------------------|----------------------------------------------------------------------|----------------------------------------------------------------------|
|                                                                      | Figures are_in Percentage 2017-18.04                                 | Figures are_in Percentage 2017-18.04                                 | Figures are_in Percentage 2017-18.04                                 | Figures are_in Percentage 2017-18.04                                 |
| States / UTs                                                         | Metropolitan                                                         | Rural                                                                | Semi-urban                                                           | Urban                                                                |
| ANDAMAN & NICOBAR ISLANDS                                            |                                                                      | 30.36                                                                | 61.76                                                                | 39.99                                                                |
| ANDHRA PRADESH                                                       | 129.50                                                               | 129.23                                                               | 114.53                                                               | 93.12                                                                |
| ARUNACHAL PRADESH                                                    |                                                                      | 19.85                                                                | 27.10                                                                |                                                                      |
| ASSAM                                                                |                                                                      | 53.45                                                                | 46.45                                                                | 36.51                                                                |
| BIHAR                                                                | 25.82                                                                | 39.55                                                                | 32.73                                                                | 31.29                                                                |
| CHANDIGARH                                                           |                                                                      | 24.40                                                                | 22.97                                                                | 109.13                                                               |
| CHHATTISGARH                                                         | 118.55                                                               |                                                                      |                                                                      | 45.71                                                                |
| DADRA & NAGAR HAVELI                                                 |                                                                      | 16.21                                                                | 46.81                                                                |                                                                      |
| DAMAN & DIU                                                          |                                                                      | 7.22                                                                 | 28.83                                                                |                                                                      |
| GOA                                                                  |                                                                      | 17.89                                                                | 29.41                                                                |                                                                      |
| GUJARAT                                                              | 99.52                                                                | 42.63                                                                | 52.35                                                                | 54.20                                                                |
| HARYANA                                                              | 51,82                                                                | 76.19                                                                | 69,17                                                                |                                                                      |
| HIMACHAL PRADESH                                                     |                                                                      | 30.66                                                                | 37.17                                                                | 21.45                                                                |
| JAMMU & KASHMIR                                                      | 43.40                                                                | 53.29                                                                | 48.09                                                                | 29.44                                                                |
| JHARKHAND                                                            | 27.86                                                                | 26.61                                                                | 19.18                                                                | 38.01                                                                |
| KARNATAKA                                                            | 67.64                                                                | 93.37                                                                | 82.13                                                                | 60.65                                                                |
| KERALA                                                               |                                                                      | 57.08                                                                | 54.16                                                                | 82.44                                                                |
| LAKSHADWEEP                                                          |                                                                      | 13.04                                                                | 6.66                                                                 |                                                                      |
| MADHYA PRADESH                                                       |                                                                      | 83.71                                                                | 66.76                                                                | 49.43                                                                |
| MAHARASHTRA                                                          | 112.33                                                               | 70.44                                                                | 60.92                                                                | 59.56                                                                |
| MANIPUR                                                              |                                                                      | 60.87                                                                | 58.84                                                                | 38.00                                                                |
| MEGHALAYA                                                            |                                                                      | 42.33                                                                | 28.72                                                                | 20.16                                                                |
| MIZORAM                                                              |                                                                      | 50.24                                                                | 66.21                                                                | 27,61                                                                |
| NAGALAND                                                             |                                                                      | 55.67                                                                | 28.59                                                                | 36.80                                                                |
| NCT OF DELHI                                                         | 94.26                                                                |                                                                      | 20.70                                                                | 26.93                                                                |
| ODISHA                                                               |                                                                      |                                                                      | 34. 17                                                               | 40 68                                                                |
| PUDUCHERRY                                                           |                                                                      | 109.26                                                               | 62.58                                                                | 57.79                                                                |
| PUNJAB                                                               | 95.73                                                                | 66.52                                                                | 55.06                                                                | 48.82                                                                |
| RAJASTHAN                                                            | 72.82                                                                | 99.23                                                                | 77.30                                                                | 65.07                                                                |
| SIKKIM                                                               |                                                                      | 30.53                                                                | 34,64                                                                | 24.80                                                                |
| TAMIL NADU                                                           |                                                                      | 112.63                                                               | 99.351                                                               | 92.75                                                                |
| TELANGANA                                                            | 108.49                                                               | 130.07                                                               | 88.83                                                                | 85.68                                                                |
| TRIPURA                                                              |                                                                      | 40.95                                                                | 50.36                                                                | 35.14                                                                |
| UTTAR PRADESH                                                        | 36.92                                                                |                                                                      | 42.39                                                                | 40.24                                                                |
| UTTARAKHAND                                                          |                                                                      | 36.08                                                                | 42.82                                                                | 34.16                                                                |
| WEST BENGAL                                                          | 84.17                                                                | 31.43                                                                | 26,84                                                                | 24.22                                                                |

Source: RBI