.Union Financing Minister Nirmala Sitharaman3 min read through Final Updated: Aug 28 2024|12:15 AM IST.On the eve of the 10th anniversary of Pradhan Mantri Jan-Dhan Yojana (PMJDY), Union Finance Administrator Nirmala Sitharaman revealed that the federal government aims to open over 30 million new PMJDY profiles during 2024-25.Rundown reporters, Sitharaman revealed that as of August 14, 2024, an overall of 531.3 thousand Jan-Dhan profiles have been opened because the program's launch a many years earlier, with a cumulative down payment balance of Rs 2.3 mountain.The average difference every profile has increased from Rs 1,065 in March 2015 to Rs 4,352 since August 16, 2024. Approximately 80 percent of these profiles are presently energetic." PMJDY has played a vital part in the course of the global, particularly for women," claimed Sitharaman.Despite the allocation for no balance and the lack of a minimal balance requirement, merely 8.4 per-cent of the profiles keep a zero balance. The system has actually been actually especially efficient in non-urban as well as semi-urban regions, where 66.6 percent of the profiles are located.As of August 14, 2024, women account holders embody 55.6 percent of the complete profiles, amounting to 295.6 million accounts, according to the Department of Financial.
Presently, 99.95 per cent of all inhabited villages possess banking locations offered within a 5-kilometre distance through numerous touchpoints, consisting of financial institution divisions, automated cashier makers, banking correspondents, and also India Post Settlements Bank.As of August 14, 2024, there more than 1.73 billion important CASA (current account money market account) profiles in the country, featuring greater than 530 thousand surgical PMJDY profiles.Relating to social surveillance plans, Sitharaman highlighted that over 200 million collective enrolments have given life insurance coverage of Rs 2 lakh under the Pradhan Mantri Jeevan Jyoti Bima Yojana, along with a yearly premium of Rs 436.In addition, over 450 thousand collective enrolments have used 1 year unintentional cover of Rs 2 lakh (for fatality or even long-term overall disability) and Rs 1 lakh (for permanent partial special needs) under the Pradhan Mantri Suraksha Bima Yojana, along with a fee of Rs 20 annually.The Atal Pension account Yojana has enrolled over 68 million users.In terms of credit-linked plans, Sitharaman mentioned that under the Pradhan Mantri Mudra Yojana, 489.2 million increasing fundings amounting to Rs 29.93 mountain (as of July 12, 2024) have been allowed to give collateral-free institutional finance to small as well as local business units up to Rs 10 lakh for income-generating activities.Under the Rise India System, 236,000 cumulative car loans totting Rs 53,609 crore (as of July 15, 2024) have been allowed to Scheduled Caste, Scheduled People, and also girls entrepreneurs for setting up greenfield projects.In addition, the Pradhan Mantri SVANidhi scheme has actually approved fundings worth Rs 12,630 crore to 6.52 million street merchants since August 27, 2024.u00b7 Pradhan Mantri Jan-Dhan Yojana (PMJDY) introduced on August 28, 2014.u00b7 PMJDY increasing deposit balance of Rs 2.3 mountain.u00b7 There end 1.73 billion important CASA accounts.u00b7 Women account owners comprise 55.6% of complete profiles.First Released: Aug 27 2024|9:37 PM IST.