.Union Financial Minister Nirmala Sitharaman3 min reviewed Final Updated: 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 announced that the government aims to open over 30 thousand brand new PMJDY profiles during the course of 2024-25.Briefing reporters, Sitharaman revealed that as of August 14, 2024, an overall of 531.3 million Jan-Dhan accounts have been opened since the scheme’s launch a decade earlier, with a cumulative down payment balance of Rs 2.3 trillion.The average difference every profile has improved coming from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Around 80 per cent of these profiles are presently energetic.” PMJDY has actually played an important role during the course of the pandemic, specifically for females,” pointed out Sitharaman.Even with the allowance for absolutely no balance as well as the lack of a minimal equilibrium requirement, simply 8.4 percent of the accounts preserve a no balance. The system has been particularly effective in non-urban and semi-urban regions, where 66.6 per cent of the accounts are located.As of August 14, 2024, ladies account owners exemplify 55.6 percent of the total accounts, totaling up to 295.6 thousand accounts, according to the Administrative agency of Money management.
Currently, 99.95 per cent of all populated towns have financial resources available within a 5-kilometre span through different touchpoints, consisting of financial institution divisions, automated bank employee equipments, financial contributors, and India Article Remittances Bank.Since August 14, 2024, there more than 1.73 billion operative CASA (bank account savings account) profiles in the country, consisting of greater than 530 thousand operative PMJDY accounts.Concerning social protection schemes, Sitharaman highlighted that over 200 million advancing enrolments have given life insurance policy coverage of Rs 2 lakh under the Pradhan Mantri Jeevan Jyoti Bima Yojana, with an annual superior of Rs 436.Also, over 450 million increasing enrolments have delivered one-year unintended cover of Rs 2 lakh (for fatality or even permanent complete special needs) and Rs 1 lakh (for permanent partial handicap) under the Pradhan Mantri Suraksha Bima Yojana, with a fee of Rs 20 per year.The Atal Pension Yojana has actually enrolled over 68 million clients.In terms of credit-linked schemes, Sitharaman disclosed that under the Pradhan Mantri Mudra Yojana, 489.2 thousand increasing fundings totaling up to Rs 29.93 mountain (as of July 12, 2024) have actually been actually allowed to give collateral-free institutional money to micro and also small business systems around Rs 10 lakh for income-generating tasks.Under the Stand Up India Program, 236,000 cumulative car loans completing Rs 53,609 crore (as of July 15, 2024) have actually been actually allowed to Set up Caste, Scheduled People, and women business owners for establishing greenfield ventures.In addition, the Pradhan Mantri SVANidhi program has actually sanctioned loans worth Rs 12,630 crore to 6.52 thousand road vendors since August 27, 2024.u00b7 Pradhan Mantri Jan-Dhan Yojana (PMJDY) released on August 28, 2014.u00b7 PMJDY collective down payment difference of Rs 2.3 trillion.u00b7 There more than 1.73 billion personnel CASA profiles.u00b7 Ladies account holders consist of 55.6% of complete accounts.Initial Published: Aug 27 2024|9:37 PM IST.