Private banks account for 1.6% Jan Dhan Yojana A/Cs
13 Sept 2014 4:59 AM IST
State Bank of India (SBI) has taken the lead in flagship Jan Dhan Yojana by opening over 30 lakh accounts so far, followed by Punjab National Bank (PNB). As of September 8, SBI has opened about 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas, Financial Services Secretary G S Sandhu said.
Punjab National Bank (PNB) opened about 20.24 lakh accounts, Canara Bank with 16.21 lakh, Central Bank of India 15.98 lakh and Bank of Baroda 14.22 lakh accounts. However, major private sector banks taken together opened just 5.8 lakh accounts, much lower than even regional rural banks which have opened 49.28 lakh accounts.
In terms of state-wise tally, Uttar Pradesh is the clear leader where 40.29 lakh accounts. It is followed by West Bengal with 21.62 lakh accounts. The Cabinet, headed by Prime Minister Narendra Modi, has taken stock of the financial inclusion drive under which banks have opened 3.02 crore accounts and mobilised about Rs 1,500 crore.
As of September 8, 2014, 3.02 crore accounts have been opened, of which 1.89 crore are in rural areas and 1.13 crore are in urban areas, an official statement said on Thursday. Banks have collected deposits of Rs 1,496.51 crore under the scheme so far which works out to Rs 495 per account, it said.
The Prime Minister launched this ambitious scheme of financial inclusion on August 28. The benefit of Pradhan Mantri Jan Dhan Yojana (PMJDY) can be extended to existing account holders without opening a new account.
Punjab National Bank (PNB) opened about 20.24 lakh accounts, Canara Bank with 16.21 lakh, Central Bank of India 15.98 lakh and Bank of Baroda 14.22 lakh accounts. However, major private sector banks taken together opened just 5.8 lakh accounts, much lower than even regional rural banks which have opened 49.28 lakh accounts.
In terms of state-wise tally, Uttar Pradesh is the clear leader where 40.29 lakh accounts. It is followed by West Bengal with 21.62 lakh accounts. The Cabinet, headed by Prime Minister Narendra Modi, has taken stock of the financial inclusion drive under which banks have opened 3.02 crore accounts and mobilised about Rs 1,500 crore.
As of September 8, 2014, 3.02 crore accounts have been opened, of which 1.89 crore are in rural areas and 1.13 crore are in urban areas, an official statement said on Thursday. Banks have collected deposits of Rs 1,496.51 crore under the scheme so far which works out to Rs 495 per account, it said.
The Prime Minister launched this ambitious scheme of financial inclusion on August 28. The benefit of Pradhan Mantri Jan Dhan Yojana (PMJDY) can be extended to existing account holders without opening a new account.
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