As per the NABARD All India Rural Financial Inclusions Survey (NAFIS) 2016-17, 50.6% of all households (including agricultural and non-agricultural households) in Tier-III to Tier-VI centres with population of less than 50,000 affirmed to have saved any money during one year preceding date of survey.
With a view to increasing banking penetration and to promote financial inclusion across the country, a National Mission on Financial Inclusion known as Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on 28thAugust, 2014 at national level by the Hon’ble Prime Minister. Under the Yojana, a Basic Saving Bank Deposit (BSBD) account is opened without requirement of any minimum balance. Till 03.07.2019, a total of 36.06 crore accounts have been opened under PMJDY across the country with aggregate deposit of `1,00,495 crore. Out of total 36.06 crore accounts, 21.37 crore (59.26%) are in rural/semi-urban centres.
Further, to consolidate the gains made through financial inclusion initiatives implemented so far and deepen it further to accelerate the participation of the masses in the economic growth of the country, PMJDY has been extended beyond 14.8.2018 with following modification:
For opening of accounts under PMJDY, the focus has now been shifted to from “every household to every adult”, with added emphasis on usage of accounts by enhancing DBT flows through these accounts, adoption of social security schemes, linking saving product to Jan Dhan accounts, promoting digital payments through the use of RuPay cards, etc.
This was stated by Shri Anurag Thakur, Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.