In the first year of the mission, after Prime Minister Narendra Modi unveiled the financial inclusion drive on August 28, 2014, roughly 85.37 million (or 58%) were zero-balance accounts out of a total of 147.2 million in FY15.
Such zero-balance accounts have declined to 40 million or just 8% of the total 500.9 million. There is no requirement to maintain any minimum balance in PMJDY accounts, while deposits in such accounts earn interest of 3-4%.
Esta historia es de la edición August 28, 2023 de Financial Express Mumbai.
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