NINE YEARS AND eight months since its launch, the balance in the Jan Dhan Yojana accounts is nudging the *2trillion mark, with nearly 486 million beneficiaries of these non-frills accounts at the end of last financial year, according to official data.
Official sources said the continued growth in Jan Dhan deposits - around 8% in FY23 - is proof of the scheme's efficacy as a tool for financial inclusion. To be precise, the Jan Dhan accounts had 1.95 trillion as on March 22.
The JAM Trinity - Jan dhan, Aadhaar, mobile - has stood the government in good stead in implementing large-scale, technology-enabled and real-time direct benefit transfers (DBTS) to improve economic lives of the low-income people, the sources added. Transfer of assorted subsidies and sops to the beneficiaries through DBT resulted in savings of 2.73 trillion between FY15 and FY21.
The progress in financial inclusion is also corroborated by recent data released as part of the Multiple Indicator Survey 2020-21, which revealed that nearly 90% of people in the country had an account individually or jointly in any bank, other financial institutions or mobile money service provider.
At an all-India level, 89.4% of people aged 18 years and above had such an account. There was no sharp ruralurban divide in this.
Diese Geschichte stammt aus der April 06, 2023-Ausgabe von Financial Express Mumbai.
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