55.02 Crore Jan-Dhan Accounts Established; 36.63 Crore in Rural and Semi-Urban Regions: Government
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Synopsis
As of March 7, the government reported that 55.02 crore Jan-Dhan accounts are active, with 36.63 crore located in rural and semi-urban regions. Additional financial initiatives like PMSBY and Atal Pension Yojana also reflect significant growth.
Key Takeaways
- 55.02 crore Jan-Dhan accounts opened
- 36.63 crore accounts in rural areas
- Enrollment in PMSBY at 50.30 crore
- Over 52.07 crore loans sanctioned under PMMY
- Atal Pension Yojana aims for monthly pensions
New Delhi, March 18 (NationPress) A remarkable 55.02 crore Jan-Dhan accounts have been established as of March 7, with 36.63 crore of these accounts located in rural and semi-urban regions, according to an announcement from the government on Tuesday.
As of the same date, the total enrollment under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) reached 50.30 crore, stated Minister of State for Finance, Pankaj Chaudhary, in a written response to a query in the Rajya Sabha.
Other financial inclusion initiatives such as the Atal Pension Yojana, Pradhan Mantri Mudra Yojana, and Stand Up India Scheme have also shown impressive growth.
Enrollment in the Atal Pension Yojana reached 7.49 crore as of the reported date.
Under the Pradhan Mantri Mudra Yojana (PMMY), by February 28, a total of 52.07 crore loans amounting to Rs 33.19 lakh crore have been approved since the scheme's implementation, according to the minister.
The Stand Up India Scheme (SUPI) has sanctioned 2.67 lakh loans totaling Rs 60,504 crore as of March 7 since its inception.
The government launched the National Mission for Financial Inclusion (NMFI), specifically the Pradhan Mantri Jan Dhan Yojana (PMJDY), in August 2014 to offer universal banking services to every unbanked adult, adhering to the principles of banking the unbanked, securing the unsecured, funding the unfunded, and serving the unserved and underserved.
The PMSBY provides a one-year personal accident insurance policy, renewable annually, with coverage of Rs 2 lakh for death or permanent total disability, and Rs 1 lakh for permanent partial disability resulting from an accident, all for a premium of Rs 20 per year.
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is another one-year life insurance plan, also renewable annually, offering Rs 2 lakh in coverage for death from any cause at a premium of Rs 436 per year.
“As of 07.03.2025, cumulative enrollment under PMJJBY is 23.21 crore,” the minister added.
The Atal Pension Yojana aims to provide monthly pensions to eligible subscribers aged 18 to 40 years who are not part of any organized pension scheme.
Under this initiative, subscribers can expect a fixed minimum pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000, or Rs 5,000 per month upon reaching the age of 60, depending on their contributions.
