30 crore families avail Jan Dhan Yojana in 3 yrs: Jaitely

India Infoline News Service | Mumbai | September 13, 2017 17:12 IST

As many as 30 crore families have got bank accounts since the launch of Jan Dhan Yojana.

As many as 30 crore families have got bank accounts since the launch of India's biggest ever bank account opening drive, Jan Dhan Yojana, three years back, reported a leading business daily quoting Finance Minister Arun Jaitley.

Nearly 42% of households remained unbanked before the introduction of Jan Dhan Yojana, which aims to give every household access to banking facilities by offering them zero-balance accounts across all commercial banks.

He further added that the number of zero-balance accounts has reduced from 77% to 20% and even these would become operational once the direct benefit transfer is expanded.

In September 2014, three months after the scheme was launched, 76.81% accounts had zero balance. The number of zero-balance accounts has now come down to 20% of the total.

Jaitley said biometric identification number Aadhaar was an evolving idea under the previous UPA regime and it did not have legislative backing.

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