Pradhan Mantri Jan-Dhan Yojana(PMJDY) completes six years

News: Pradhan Mantri Jan-Dhan Yojana (PMJDY) – National Mission for Financial Inclusion has completed six years of successful implementation. Facts: Pradhan Mantri Jan-Dhan Yojana(PMJDY): It was launched in 2014 to ensure universal access to financial services namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner through the use of technology.… Continue reading Pradhan Mantri Jan-Dhan Yojana(PMJDY) completes six years

Public sector banks’ long-term strategy on Jan Dhan begins to pay off

According to the government data,the total balance in the bank accounts under Pradhan Mantri Jan Dhan Yojana(PMJDY) scheme has almost reached a total of ₹1-lakh crore. The Jan Dhan accounts opened are mostly in public sector banks which makes up 72.5% of the total number of Jan Dhan accounts and 89.5% of total deposits.The bulk… Continue reading Public sector banks’ long-term strategy on Jan Dhan begins to pay off