The Finance Minister
(a) to (e) A Statement is laid on the Table of the House.
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Statement referred to in reply to parts (a) to (e) of Lok Sabha Starred Question No. *169 (9th Position) for 21st December, 2018 by Shri George Baker and Shri Feroze Varun Gandhi, M.P., regarding “Pradhan Mantri Jan-Dhan Yojana”:
(a) to (e): The salient features of Pradhan Mantri Jan Dhan Yojana (PMJDY), launched initially for a period of 4 years (in two phases) on 28th August 2014, are as under:
(i) Universal access to banking facilities for all households across the country through a bank branch or a fixed point Business Correspondent (BC) within a reasonable distance with atleast one Basic Bank Account along with RuPay Debit card having an in-built accident insurance cover of Rs.1 lakh.
(ii) An overdraft facility upto Rs.5000/- after satisfactory operation in the account for 6 months.
(iii) A life cover of Rs.30,000/- to those beneficiaries who opened their accounts for the first time from 15.08.2014 to 31.01.2015.
(iv) Financial literacy programme which aims to take financial literacy upto village level.
(v) Expanding Direct Benefit Transfer (DBT) under various Government Schemes through bank accounts of the beneficiaries.
(vi) Providing micro-insurance to the people.
(vii) Unorganised sector Pension schemes through the Business Correspondents.
With a view to further consolidate the gains made through financial inclusion initiatives of the Government during the first two phases, PMJDY has been extended beyond 28.8.2018 with the focus for opening of accounts shifting from “every household” to “every unbanked adult”, with following modifications:
(i) Accidental insurance cover for new RuPay card issued in respect of PMJDY accounts opened after 28.8.2018 raised from existing Rs.1 lakh to Rs. 2 lakh.
(ii) Existing Overdraft (OD) limit revised from Rs. 5,000 to Rs. 10,000, with no conditions attached for OD upto Rs. 2,000.
(iii) Age limit for availing OD facility revised from 18-60 years to 18-65 years.
60% of OD availed under PMJDY are eligible to be covered under Credit Guarantee Fund for Micro Units (CGFMU).
The initial estimated target under PMJDY was to cover 6 crore uncovered rural households and 1.5 crore uncovered urban households with at least one Jan-Dhan account.
As on 12.12.2018, a total of 33.55 crore accounts have been opened under PMJDY, out of which 19.86 crore accounts are in rural areas. State/ UT-wise position of accounts opened under PMJDY, number of operative PMJDY accounts (i.e. accounts having atleast one customer induced transaction during last two years) is Annexed.
As on 07.12.2018, 65.47 lakh accounts have been sanctioned OD facility, of which 30.75 lakh account-holders have availed this facility involving an amount of Rs. 340.19 crore. State-wise details of PMJDY account holders availing OD and their age limit is not centrally maintained.
All PMJDY account holders, including those receiving DBT are eligible for availing overdraft facility. The eligibility conditions for availing OD under PMJDY, inter alia, include that the account should be active with regular credit, which could be from Direct Benefit Transfer (DBT) or from other source.
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Annexure
Lok Sabha Starred Question no. *169 for 21.12.2018 on Pradhan Mantri Jan-Dhan Yojana
State-wise progress under Pradhanmantri Jan-Dhan Yojana as on 12.12.2018
S.No State Name Beneficiaries at rural/semi-urban centre bank branches Beneficiaries at urban/metro centre bank branches Total Beneficiaries Balance in beneficiary accounts (in crore) No of operative PMJDY accounts
1 Andaman & nicobar islands 36,104 15,171 51,275 23.13 33,244
2 Andhra pradesh 46,38,530 46,44,966 92,83,496 1,628.35 74,57,025
3 Arunachal pradesh 1,65,783 1,08,009 2,73,792 85.7 2,32,286
4 Assam 1,08,58,977 33,96,426 1,42,55,403 2,969.24 1,27,44,253
5 Bihar 2,36,35,092 1,38,93,707 3,75,28,799 8,417.25 3,04,94,901
6 Chandigarh 40,712 1,92,015 2,32,727 96.92 1,74,184
7 Chhattisgarh 88,73,190 48,64,369 1,37,37,559 2,619.28 1,12,53,473
8 Dadra & nagar haveli 88,655 18,162 1,06,817 43.99 71,460
9 Daman & diu 21,918 25,489 47,407 19.02 34,801
10 Delhi 4,96,506 36,82,130 41,78,636 1,608.53 31,21,105
11 Goa 1,07,758 44,211 1,51,969 86.26 1,07,631
12 Gujarat 68,03,659 60,77,939 1,28,81,598 3,676.32 77,62,921
13 Haryana 34,52,651 31,89,951 66,42,602 2,695.35 52,14,715
14 Himachal pradesh 8,69,494 1,31,336 10,00,830 509.37 8,12,236
15 Jammu & kashmir 17,30,775 3,09,473 20,40,248 855.01 12,90,138
16 Jharkhand 87,03,469 32,40,039 1,19,43,508 2,668.97 94,08,731
17 Karnataka 67,60,311 57,69,944 1,25,30,255 2,862.93 1,01,99,386
18 Kerala 16,52,796 19,14,726 35,67,522 1,098.07 26,91,260
19 Lakshadweep 4,419 686 5,105 8.79 3,779
20 Madhya pradesh 1,42,59,669 1,52,23,560 2,94,83,229 4,325.45 2,27,15,873
21 Maharashtra 1,15,29,984 1,20,87,000 2,36,16,984 5,035.36 1,77,54,634
22 Manipur 3,81,304 4,98,643 8,79,947 191.36 7,52,930
23 Meghalaya 3,91,754 70,514 4,62,268 216.69 4,01,776
24 Mizoram 1,12,339 1,84,424 2,96,763 81.21 2,27,667
25 Nagaland 1,10,444 1,43,254 2,53,698 45.71 1,88,903
26 Odisha 97,62,788 36,14,244 1,33,77,032 3,759.58 1,05,37,301
27 Puducherry 64,767 75,677 1,40,444 36.92 1,14,884
28 Punjab 35,00,569 26,28,553 61,29,122 2,361.21 47,12,434
29 Rajasthan 1,43,66,124 94,66,129 2,38,32,253 6,360.92 1,63,24,277
30 Sikkim 68,252 23,131 91,383 32.71 68,037
31 Tamil nadu 43,48,330 49,69,130 93,17,460 1,620.67 71,23,635
32 Telangana 47,78,396 45,46,444 93,24,840 1,469.81 65,14,475
33 Tripura 6,16,639 2,40,081 8,56,720 653 8,00,726
34 Uttar pradesh 3,13,80,966 2,06,35,682 5,20,16,648 14,882.64 3,57,57,321
35 Uttarakhand 14,71,059 8,75,498 23,46,557 978.61 16,47,352
36 West bengal 2,24,98,335 1,01,09,584 3,26,07,919 11,470.37 2,81,79,711
37 Total 19,85,82,518 13,69,10,297 33,54,92,815 85,494.69 25,69,29,465
Source: Banks
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