The total number of Jan Dhan accounts crossed the 50 crore mark

The total number of Jan Dhan accounts crossed the 50 crore mark.: Out of the total 50 crore accounts, 56 per cent of accounts belong to women and 67 per cent of accounts have been opened in Rural and Semi-urban areas.

The total deposits in these accounts are above Rs 2.03 lakh crore. Around 34 crore RuPay cards have been issued with these accounts free of cost. The average balance in Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts is Rs 4,076. More than 5.5 crore of these accounts received Direct Benefit Transfer (DBT).

Daily Current Affairs Quiz: August 2023

Pradhan Mantri Jan Dhan Yojana:

It was launched on 28th August 2014. It was launched to provide universal access to banking facilities to people. It is also known as National Mission for Financial Inclusion.

Under this scheme, Rupay Debit card and Accident Insurance Cover of Rs.1 lakh (enhanced to Rs2 lakhs to new PMJDY accounts opened after 28.8.2018) is provided to account holders. An overdraft facility of up to Rs 10,000 is provided to eligible account holders.