.Union Financial Administrator Nirmala Sitharaman3 minutes read Last Upgraded: 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 introduced that the federal government aims to open over 30 thousand brand-new PMJDY accounts during 2024-25.Instruction press reporters, Sitharaman unveiled that as of August 14, 2024, a total amount of 531.3 thousand Jan-Dhan profiles have been opened given that the scheme's launch a years ago, along with a collective deposit balance of Rs 2.3 trillion.The average balance per profile has improved from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Around 80 per cent of these accounts are currently energetic." PMJDY has actually participated in an essential part throughout the pandemic, specifically for ladies," pointed out Sitharaman.Even with the allocation for no balance and the absence of a minimum harmony need, merely 8.4 per cent of the profiles sustain an absolutely no harmony. The scheme has actually been particularly helpful in rural and also semi-urban places, where 66.6 per cent of the profiles are located.Since August 14, 2024, ladies account owners exemplify 55.6 per-cent of the total accounts, totaling up to 295.6 million accounts, according to the Administrative agency of Finance.
Presently, 99.95 per cent of all inhabited villages have banking locations on call within a 5-kilometre distance with different touchpoints, including financial institution branches, automated bank employee devices, financial reporters, and India Blog Post Repayments Bank.Since August 14, 2024, there end 1.73 billion surgical CASA (bank account money market account) accounts in the nation, consisting of greater than 530 million important PMJDY accounts.Pertaining to social safety and security programs, Sitharaman highlighted that over 200 million advancing enrolments have actually provided life insurance protection of Rs 2 lakh under the Pradhan Mantri Jeevan Jyoti Bima Yojana, along with an annual premium of Rs 436.Also, over 450 million increasing enrolments have offered one-year unintended cover of Rs 2 lakh (for fatality or irreversible total disability) and Rs 1 lakh (for permanent partial disability) under the Pradhan Mantri Suraksha Bima Yojana, along with a costs of Rs twenty annually.The Atal Pension Yojana has signed up over 68 thousand subscribers.In terms of credit-linked schemes, Sitharaman reported that under the Pradhan Mantri Mudra Yojana, 489.2 million increasing loans totaling up to Rs 29.93 trillion (as of July 12, 2024) have actually been actually sanctioned to deliver collateral-free institutional finance to micro and business systems around Rs 10 lakh for income-generating tasks.Under the Stand India Program, 236,000 increasing car loans completing Rs 53,609 crore (as of July 15, 2024) have been actually approved to Set up Caste, Scheduled People, and also females business people for establishing greenfield ventures.In addition, the Pradhan Mantri SVANidhi program has approved loans worth Rs 12,630 crore to 6.52 thousand street suppliers since August 27, 2024.u00b7 Pradhan Mantri Jan-Dhan Yojana (PMJDY) released on August 28, 2014.u00b7 PMJDY collective down payment balance of Rs 2.3 trillion.u00b7 There end 1.73 billion personnel CASA accounts.u00b7 Girls account holders comprise 55.6% of complete profiles.Initial Released: Aug 27 2024|9:37 PM IST.