Kerala, Goa, union territories of Chandigarh, Puducherry , Lakshadweep and three districts in Gujarat have reported 100% coverage of households by opening at least one account under the Prime Minister's Jan Dhan Yojana. The number of accounts opened under the scheme as on November 10 shot up to 7.24 crore, of which 4.29 crore were in rural areas and 2.95 crore in urban areas. A government statement said RuPay cards have been issued for nearly 4 crore accounts.
The three districts of Gujarat which have covered all households with at least one account are Porbandar, Mehasana and Gandhi Nagar. Earlier this month it was reported that the Pradhan Mantri Jan Dhan Yojana has so far managed to bring over Rs.5,000 crore into the formal banking system as ac count holders started depositing cash. A large chunk of this money would have been kept at home in the absence of accounts, with little or no productive use.
The government is now close to its target of opening 7.5 crore bank accounts under the scheme launched on August 29. Authorities were looking to achieve the target before January 26, 2015, well ahead of the earlier schedule of August 15, 2015. The finance ministry is now looking at doubling the target to open 15 crore accounts.
Banks have been asked to undertake information and education campaign to raise awareness as the government steps up the coverage under the financial inclusion programme.
The department of financial services is urging banks to speed up issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar Seeding and Financial Literacy .
According to the initial results, on an average about 80% of the households surveyed have now got at least one bank account and 83% of the survey work has been completed.
The three districts of Gujarat which have covered all households with at least one account are Porbandar, Mehasana and Gandhi Nagar. Earlier this month it was reported that the Pradhan Mantri Jan Dhan Yojana has so far managed to bring over Rs.5,000 crore into the formal banking system as ac count holders started depositing cash. A large chunk of this money would have been kept at home in the absence of accounts, with little or no productive use.
The government is now close to its target of opening 7.5 crore bank accounts under the scheme launched on August 29. Authorities were looking to achieve the target before January 26, 2015, well ahead of the earlier schedule of August 15, 2015. The finance ministry is now looking at doubling the target to open 15 crore accounts.
Banks have been asked to undertake information and education campaign to raise awareness as the government steps up the coverage under the financial inclusion programme.
The department of financial services is urging banks to speed up issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar Seeding and Financial Literacy .
According to the initial results, on an average about 80% of the households surveyed have now got at least one bank account and 83% of the survey work has been completed.
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