New Delhi: Union finance minister Nirmala Sitharaman on Monday said that over 58 crore Jan Dhan accounts have brought crores of Indians into the formal banking system. The minister also said that India stood out globally in its fight against poverty and deprivation.
In a post on X, the finance minister’s office said that the Jan Dhan scheme has ensured that benefits under welfare schemes, low-cost insurance, and pensions reach without leakages. “Garib Kalyan is Hon’ble PM Shri @narendramodi’s guarantee of dignity, opportunity and empowerment for every Indian,” Sitharaman said.
Launched on August 28, 2014, Pradhan Mantri Jan Dhan Yojana (PMJDY) is one of the world’s largest financial inclusion initiatives. Fifty-six per cent of the PMJDY account holders are women, while 67 per cent of accounts are opened in rural and semi-urban areas.
As much as Rs 45 lakh crore was transferred directly to beneficiary accounts through Direct Benefit Transfer (DBT). Ninety-four per cent of India’s adult population has a bank account now. Accounts opened under the scheme offer a zero balance facility, free RuPay cards, accidental insurance, and an overdraft facility.
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