.Union Financial Minister Nirmala Sitharaman3 min read Final Upgraded: Aug 28 2024|12:15 AM IST.On the eve of the 10th anniversary of Pradhan Mantri Jan-Dhan Yojana (PMJDY), Union Financing Minister Nirmala Sitharaman revealed that the authorities targets to open up over 30 million new PMJDY accounts throughout 2024-25.Rundown reporters, Sitharaman revealed that since August 14, 2024, a total amount of 531.3 million Jan-Dhan accounts have actually levelled due to the fact that the program's launch a many years ago, with an increasing deposit balance of Rs 2.3 mountain.The ordinary difference every profile has raised coming from Rs 1,065 in March 2015 to Rs 4,352 since August 16, 2024. Approximately 80 per cent of these accounts are actually presently energetic." PMJDY has participated in a crucial task in the course of the pandemic, specifically for girls," mentioned Sitharaman.In spite of the allotment for zero balance and the lack of a minimal harmony requirement, only 8.4 per cent of the profiles preserve a zero harmony. The system has been especially reliable in non-urban and semi-urban locations, where 66.6 per-cent of the profiles are located.As of August 14, 2024, girls account owners exemplify 55.6 per-cent of the overall accounts, totaling up to 295.6 million accounts, depending on to the Ministry of Money.
Presently, 99.95 per cent of all inhabited communities possess banking resources accessible within a 5-kilometre radius through various touchpoints, including bank divisions, automated teller devices, financial correspondents, and India Message Settlements Bank.Since August 14, 2024, there more than 1.73 billion personnel CASA (bank account savings account) accounts in the country, featuring more than 530 million surgical PMJDY profiles.Concerning social security systems, Sitharaman highlighted that over 200 million collective enrolments have supplied life insurance protection of Rs 2 lakh under the Pradhan Mantri Jeevan Jyoti Bima Yojana, along with an annual premium of Rs 436.Furthermore, over 450 thousand increasing enrolments have actually offered 1 year unexpected cover of Rs 2 lakh (for fatality or irreversible total disability) and Rs 1 lakh (for irreversible limited special needs) under the Pradhan Mantri Suraksha Bima Yojana, with a premium of Rs twenty each year.The Atal Pension Yojana has registered over 68 thousand clients.In regards to credit-linked plans, Sitharaman stated that under the Pradhan Mantri Mudra Yojana, 489.2 thousand cumulative loans totaling up to Rs 29.93 mountain (since July 12, 2024) have been allowed to provide collateral-free institutional money to small as well as local business units approximately Rs 10 lakh for income-generating tasks.Under the Stand Up India System, 236,000 collective car loans completing Rs 53,609 crore (since July 15, 2024) have been actually accredited to Booked Caste, Scheduled Group, and girls entrepreneurs for setting up greenfield projects.Also, the Pradhan Mantri SVANidhi program has approved loans worth Rs 12,630 crore to 6.52 million street vendors since August 27, 2024.u00b7 Pradhan Mantri Jan-Dhan Yojana (PMJDY) introduced on August 28, 2014.u00b7 PMJDY increasing deposit remainder of Rs 2.3 mountain.u00b7 There more than 1.73 billion important CASA accounts.u00b7 Girls account holders make up 55.6% of overall profiles.Initial Published: Aug 27 2024|9:37 PM IST.