Centre To Promote Access To Basic Banking Services For Financial Inclusion
The minister also said that the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014 marked a significant step in banking the unbanked by facilitating the opening of basic savings bank deposit accounts, with associated features, such as RuPay debit cards and an in-built overdraft facility, he said, adding that as of date, over 55.90 crore accounts have been opened under the PMJDY: Reports
NEW DELHI: The central government is committed to deepening financial inclusion and ensuring that access to basic banking services leads to meaningful participation in the formal financial system, including access to credit, minister of state for finance Pankaj Chaudhary said in the Lok Sabha on Monday.
The minister also said that the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014 marked a significant step in banking the unbanked by facilitating the opening of basic savings bank deposit accounts, with associated features, such as RuPay debit cards and an in-built overdraft facility, he said, adding that as of date, over 55.90 crore accounts have been opened under the PMJDY.
As part of the saturation drive, banks across the country are engaged in a nationwide campaign for deepening financial inclusion (FI) schemes and re-KYC in bank accounts of beneficiaries. The three-month drive, which started on July 1, would end on September 30, 2025.
With regular campaign, banks are holding camps at Gram Panchayat (GP) level in their endeavour to provide these services at the doorstep for re-verification of KYC of existing Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts and other bank accounts, opening of PMJDY accounts for unbanked adults and enrolment under social security schemes, i.e; Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana.
