Now Reading: PM Jan Dhan Yojana marks 12 years, 59 crore accounts
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PM Jan Dhan Yojana marks 12 years, 59 crore accounts
The Pradhan Mantri Jan Dhan Yojana has completed 12 years with 59.09 crore accounts and deposits of Rs 3,16,514 crore, the government said. Women account for 55.7% of account holders, and 77.8%…
The Pradhan Mantri Jan Dhan Yojana has completed 12 years with 59.09 crore accounts and deposits of Rs 3,16,514 crore, the government said. Women account for 55.7% of account holders, and 77.8% of accounts are in rural and semi-urban areas. The scheme has issued 41.29 crore RuPay cards.
The Deccan Herald reports that roughly 26% of accounts are dormant, with no transactions for over two years. In some public sector banks, dormancy reaches a third. The article argues that Financial Inclusion 2.0 should focus on active usage, digital trust, and economic empowerment, rather than just the number of accounts opened.
The government said the Jan-Dhan-Aadhaar-Mobile framework has enabled direct benefit transfers, reducing intermediaries. As the scheme enters its 13th year, the finance ministry said it will continue to focus on expanding financial services, insurance, and pension coverage to underserved populations.
Indian Opinion Analysis
The government source highlights the scheme's scale and success in account opening, deposits, and benefit transfers. The Deccan Herald piece, while acknowledging the numbers, leads with the 26% dormancy rate and argues that access has not translated into meaningful usage. Neither source addresses why dormancy persists or how the government plans to measure active usage beyond the FI Index. The next milestone to track is whether the RBI's FI Index, currently at 70, shows faster growth in the usage sub-index in 2027.
The government source highlights the scheme's scale and success in account opening, deposits, and benefit transfers. The Deccan Herald piece, while acknowledging the numbers, leads with the 26% dormancy rate and argues that access has not translated into meaningful usage.
Coverage: 2 sources, 1 pro-government, 1 government-critical
Sources (2): deccanherald.com (government critical), bfsi.economictimes.indiatimes.com (pro government)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry.
