30 crore families get Jan Dhan accounts in 3 years, says Arun Jaitley

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New Delhi: Union Finance Minister Arun Jaitley on Wednesday conveyed that at least 30 crore families have opened bank accounts as the launch of India’s major ever bank account opening drive, Jan Dhan Yojana, three years before.

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Around 42 per cent of households were unbanked prior to the Jan Dhan Yojana, which main objective to give each household access to banking facilities by offering them zero-balance accounts crossways all commercial banks. Conversing at Financial Inclusion, he said the quantity of zero-adjust accounts has lessened from 77 per cent to 20 per cent and even these would wind up noticeably operational once the immediate advantage exchange is extended.

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In September 2014, three months after the plan was propelled, 76.81 per cent accounts had zero adjust. The quantity of zero-adjust accounts has now come down to 20 per cent of the aggregate, he said. 99.99 per cent of family units now have no less than one ledger, on account of the Jan Dhan Yojana.

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Jaitley said biometric ID number Aadhaar was an advancing thought under the past UPA administration and it didn’t have authoritative support. The Aadhaar enactment, go amid the BJP lead, will stand trial of lawfulness of utilizing the exceptional distinguishing proof number for giving government benefits, he said.

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