Pradhan Mantri Jan-Dhan Yojana | Women maintain greater than 50% of the accounts

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No gender-wise knowledge accessible relating to quantity held by men and women account holders.

More than half of financial institution accounts below the Pradhan Mantri Jan-Dhan Yojana (PMJDY) are held by ladies beneficiaries, based on an RTI reply.

However, there is no such thing as a gender-wise knowledge in relation to quantity held by men and women account holders.

The variety of accounts until September 9, 2020, below PMJDY was 40.63 crore, of which 22.44 crore accounts have been held by ladies and 18.19 crore by males, stated the RTI reply to Madhya Pradesh-based activist Chandra Shekhar Gaur.

The deposits in these PMJDY accounts witnessed an 8.5% rise until early September of the present fiscal 12 months to almost ₹1.30 lakh crore, based on the knowledge offered by the Finance Ministry.

“The total balance under the PMJDY accounts on April 1, 2020, was ₹1,19,680.86 crore, which grew by 8.5% to ₹1,29,811.06 crore by September 9, 2020,” the federal government stated within the Right to Information (RTI) question.

However, based on the information furnished by the Ministry, no separate knowledge has been shaped with respect to quantity held by men and women account holders.

In response to a question on the variety of accounts with zero stability, the RTI reply stated as many as 3.01 crore accounts had no stability as of September 9, 2020.

There is not any separate knowledge on zero stability account gender smart, the Ministry added.

According to the newest knowledge accessible on authorities web site,, there are 40.98 crore beneficiaries with ₹1,30,360.53 crore stability as on October 7, 2020.

Of these, public sector banks (PSBs) have opened the utmost variety of PMJDY accounts at 32.48 crore accounting for ₹1,00,869.65 crore stability.

Regional rural banks have as many as 7.24 crore beneficiaries (₹25,509.05 crore) whereas personal sector banks have miniscule 1.27 crore accounts (₹3,981.83 crore).

Pradhan Mantri Jan-Dhan Yojana was launched in August 2014 below the National Mission for Financial Inclusion.

Initially it was for a interval of 4 years (in two phases). It was prolonged past August 2018 with change in give attention to opening accounts from each family with some modifications corresponding to revision in overdraft (OD) facility to ₹10,000 from ₹5,000; non-conditional OD facility for quantity as much as ₹2,000 and revision in age restrict for OD from 18-60 years to 18-65 years.

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