Lok Sabha Question No. 3563 (UNSTARRED), answered on 2021-12-20
Subject: Targets under PMJDY
Ministry: FINANCE
Asked by: Sanjay Seth

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

## LOK SABHA UNSTARRED QUESTION No. 3563

ANSWERED ON MONDAY, DECEMBER 20, 2021/ AGRAHAYANA 29, 1943 (SAKA)

Targets under PMJDY

## 3563. SHRI SANJAY SETH

Will the Minister of FINANCE be pleased to state:

(a)  whether  any  target  has  been  fixed  for  the  private  sector  banks  for  implementation  of Pradhan Mantri Jan Dhan Yojana in Jharkhand including Ranchi and if so, the details of the banks that have achieved such target; (b) the details of targets fixed for the private sector banks providing loans under the Pradhan Manthri Awas Yojna along with the name of banks that have achieved the targets; (c) whether the Government has introduced any scheme for providing a loan of Rs. 10,000 to the vendors during the corona pandemic; and (d) if so, the details thereof including the number of venders benefitted therefrom?

## Answer

The Minister of State in the Ministry of Finance

(DR BHAGWAT KARAD)

(a) With a view to increase banking penetration, promote financial inclusion and to provide at least  one  bank  account  per  household  across  the  country,  a  National  Mission  on  Financial Inclusion (FI) known as Pradhan Mantri Jan Dhan Yojana (PMJDY) was announced on 15 th August, 2014.

In order to give impetus to financial inclusion initiatives of the Government, PMJDY scheme was extended beyond 14.08.2018 with the focus on opening of accounts shifting from 'every household'  to  'every  unbanked  adult'  with  certain  modifications.  PMJDY  has  been successful  in  increasing  banking  penetration  and  to  promote  financial  inclusion  across  the country including Jharkhand. PMJDY account can be opened at any bank branch or banking outlet manned by Business Correspondent (BC).

As  apprised  by  banks,  1.59  crore  accounts  (as  on  01.12.2021)  have  been  opened  under PMJDY in Jharkhand which include 11.29 lakh PMJDY accounts opened in Ranchi. Out of total 1.59 crore PMJDY accounts, 1.60 lakh accounts have been opened by 14 major Private Sector Banks.

(b) As informed by Ministry of Housing and Urban Affairs (MoHUA), under Pradhan Mantri Awas Yojana-Urban (PMAY-U), Government provides interest subsidy under Credit-Linked Subsidy Scheme (CLSS) vertical of PMAY-U for Economical Weaker Section (EWS)/Low Income  Group  (LIG).  CLSS  for  Medium  Income  Group  (MIG)  was  operational  from 01.01.2017 to 31.03.2021. CLSS is a demand driven scheme wherein no targets are set.

Further,  in  order  to  achieve  'Housing  for  All'  in  rural  areas,  the  Ministry  of  Rural Development (MoRD) is implementing Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) w.e.f. 01.04.2016 with a target to construct 2.95 crore Pucca houses with basic amenities by providing  financial  assistance  of  Rs.  1.20  lakh  in  plains  and  Rs.  1.30  lakh  in  hilly  states, difficult areas and Integrated Action Plan (IAP) districts. As informed by MoRD, no bankwise targets are allocated under PMAY-G.

(c)  and  (d)  Ministry  of  Housing  and  Urban  Affairs  is  implementing  Pradhan  Mantri  Street Vendors'  Atma  Nirbhar  Nidhi  Scheme  (PM  SVANidhi)  since  June  01,  2020  with  the objective to facilitate collateral free working capital loan up to Rs. 10,000 of one-year tenure, across the country whose businesses had been adversely affected due to Corona epidemic and subsequent  lockdowns.  Further,  on  timely  or  early  repayment,  the  vendors  are  eligible  for enhanced working capital loan of upto Rs. 20,000 and upto Rs. 50,000 in the second and third tranches respectively.

As on 13.12.2021, more than 26.80 lakh street vendors have availed 1 st more than 33,000 street vendors have availed 2 nd tranche loan.

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