Jan dhan yojana: The Finance Ministry clarified on Tuesday, July 8 that it has no longer urged banks to near the inactive accounts of the Pradhan Mantri Jan Dhan Yojana (PMJDY). This rationalization comes after media studies claiming that the federal government has requested banks to near such accounts.
The ministry’s remark stated, “The Finance Products and services Division (DFS), the Ministry of Finance has clarified that it has no longer requested banks to near the inactive Pradhan Mantri Jan Dhan Yojana accounts.”
3 months marketing campaign around the nation
In keeping with the remark, from July 1, DFS has introduced a 3 -month marketing campaign around the nation. Its objective is to additional give a boost to the achieve of Pradhan Mantri Jan Dhan Yojana, Jeevan Jyoti Bima Yojana, Atal Pension Yojana and different welfare schemes.
All through this marketing campaign, banks had been requested to re-KYC (RE-KYC) of DU accounts. DFS regularly screens the standing of inactive public cash accounts. He has instructed banks to touch the respective account holders in order that their accounts will also be activated once more.
The remark additionally stated, “There was a continual build up within the choice of PMJDY accounts and the Finance Products and services Division has no longer gained any details about ultimate any more or less passive accounts on a big scale”.
What’s Pradhan Mantri Jan Dhan Yojana?
The Pradhan Mantri Jan Dhan Yojana (PMJDY) began on 28 August 2014. Its objective is to attach each family within the nation, particularly deficient and unorganized categories with banking services and products.
Below this scheme, anyone can open zero-balance saving account in any financial institution. At the side of this, they get receive advantages via Rupay Debit Card, Superb Insurance coverage of ₹ 2 lakh, Existence Duvet of ₹ 30,000 and Direct Get advantages Switch (DBT) of direct receive advantages switch (DBT).
The aim of Jan Dhan Yojana is to advertise monetary literacy, encourage other people to avoid wasting and supply them credit score and insurance coverage amenities. It is among the global’s greatest monetary inclusion schemes. To this point, greater than 54.58 crore other people have joined it.
What’s the complete topic of public cash account?
Actually, some media studies claimed that the central executive has instructed public sector banks to study the accounts opened beneath the Pradhan Mantri Jan Dhan Yojana (PM Jan Dhan Yojana). In keeping with this, through December 2024, 11.3 crore of the full accounts (23%) had been in-active, which might be closed.
Alternatively, now the federal government has made it transparent that it has no longer urged to near the inactive public cash account. Which means even though you aren’t transacting together with your public cash account, the federal government is not going to forestall it.