30 Crore Families Get Jan Dhan Accounts in 3 Years, Says Finance Minister Arun Jaitley
FM Arun Jaitley says zero balance accounts under Jan Dhan Scheme have come down to 20 pc from 77 pc previously.
File photo of Union Finance Minister Arun Jaitley.
New Delhi: As many as 30 crore families have got bank accounts since the launch of India's biggest ever bank account opening drive, Jan Dhan Yojana, three years back, Finance Minister Arun Jaitley said on Wednesday.
About 42 per cent of households were unbanked before the Jan Dhan Yojana, which aims to give every household access to banking facilities by offering them zero-balance accounts across all commercial banks.
Speaking at a conclave on Financial Inclusion, he said the number of zero-balance accounts has reduced from 77 per cent to 20 per cent and even these would become operational once the direct benefit transfer is expanded.
In September 2014, three months after the scheme was launched, 76.81 per cent accounts had zero balance. The number of zero-balance accounts has now come down to 20 per cent of the total, he said.
99.99 per cent of households now have at least one bank account, thanks to the Jan Dhan Yojana.
Jaitley said biometric identification number Aadhaar was an evolving idea under the previous UPA regime and it did not have legislative backing.
The Aadhaar legislation, passed during the BJP rule, will stand test of constitutionality of using the unique identification number for giving government benefits, he said.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Dream Girl Box Office Day 4: Ayushmann Khurrana Sets New Benchmark
- 'Caught in the Moment': Virat Kohli Credits Contemplative Pic to Wife Anushka Sharma
- Xiaomi Mi TV 4X 65-inch Launched Alongside Mi TV 4X 50-inch, 4X 43-inch and 4A 40-inch
- Swanky Cars, Snazzy Hairstyles and Tattoos: The New Lifestyles of India's Kabbadi Millionaires
- Mi Smart Water Purifier Launched in India at Rs 11,999: Here's How it Works