Quick Summary
As a result of the many initiatives by the Government, the share of operative Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts has increased from 60.38% in March17 to 85.70% in November21. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today. As informed by banks, the Minister stated that state-wise number of accounts opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) along with RuPay Debit Cards issued isANNEXED.
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FAQ :
The operative rate for Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts has increased to 85.70% as of November 2021.
The operative rate has risen from 60.38% in March 2017 to 85.70% in November 2021.
The government has implemented various initiatives, and banks are conducting financial literacy camps and promoting banking habits to encourage account activity.
Yes, PMJDY beneficiaries can avail an overdraft facility of up to Rs. 10,000 after meeting certain conditions, and can also access credit from banks as per existing guidelines.
An account is considered inoperative or dormant if there are no transactions in it for over two years, as per Reserve Bank of India guidelines.
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