Finance Minister Nirmala Sitharaman on Monday said that the Pradhan Mantri Jan Dhan Yojana (PMJDY) has revolutionised financial inclusion.
Speaking on the occasion of completion of nine years of the scheme, she said, “The nine years of PMJDY-led interventions and digital transformation have revolutionised financial inclusion in India. It is heartening to note that more than 50 crore people have been brought into the formal banking system through the opening of Jan Dhan Accounts."
Among these accounts, approximately 55.5 per cent belong to women and 67 per cent have been opened in rural and semi-urban areas.
Also, about 34 crore RuPay cards have been issued to these accounts without charge, which also provides for a Rs 2 lakh accident insurance cover, the finance minister said.
“With the collaborative efforts of stakeholders, banks, insurance companies, and government officials, the PMJDY stands out as a pivotal initiative, changing the landscape of financial inclusion in the country," Sitharaman added.
Total deposit balances under PMJDY accounts stand at Rs 2,03,505 crore.
PMJDY accounts have grown by 3.4-fold from 14.72 crore in March 2015 to 50.09 crore as on August 16.
PM Modi virtually attends Maha Kumbhabhishekam of Jakarta Murugan Temple in Indonesia
Prime Minister Narendra Modi on Sunday virtually participated in the Maha Kumbhabhishekam ceremony of Shri Sanathana Dharma Aalayam, also known as the Jakarta Murugan Temple, Indonesia's first-ever temple dedicated to Lord Murugan.
Gender Budget allocation increased to 8.86 pc for FY26 in Union Budget
The share of gender budget allocation in the total Union Budget has increased to 8.86 per cent in FY 2025-26 from 6.8 per cent in FY 2024-25.
Maha Kumbh: BSNL provides free SIMs, uninterrupted communication services in Mela area
From providing free SIM cards to ensuring uninterrupted communication services, Bharat Sanchar Nigam Limited (BSNL) is playing a key role in strengthening the communication infrastructure at the Maha Kumbh 2025, it was announced on Sunday.
Drugs worth Rs 10.80 crore seized in Mizoram, 4 held
Despite stringent border vigil, smuggling of drugs from Myanmar into North-east India, the security forces seized drugs worth Rs 10.80 crore and arrested four drug peddlers in Mizoram, officials said here on Sunday.
At Delhi poll rally, PM Modi promises 'Vikas ka naya Basant' for residents
Prime Minister Narendra Modi on Sunday said that Delhi is set to witness a "Vikas ka Naya Basant" (New spring of development) after the upcoming Assembly elections, comparing it to the seasonal change brought by Basant Panchami.
Custom duties rationalised in Budget to strengthen India’s economy: FM Sitharaman
The Centre has introduced customs duty rationalisation to ensure that the Indian economy becomes aatmanirbhar (self-reliant), Finance Minister Nirmala Sitharaman said in a post-budget interview with NDTV.
10.23 pc capex hike in Budget 2025-26 shows infrastructure remains a priority: FM Sitharaman
Finance Minister Nirmala Sitharaman told NDTV in a post-budget interview that the Government's focus has been on capital expenditure (capex) in the last few years, and now it has also given a huge boost to increasing consumption.
Union Budget: Outlay for tribal welfare schemes jumps by 46 per cent to Rs 14,926 crore
The overall budget allocation for the development of Scheduled Tribes has jumped by 45.79 per cent to Rs 14,925.81 crore in 2025-26 from Rs 10,237.33 crore in 2024-25.