As the Narendra Modi led National Democratic Alliance (NDA) government is about to complete three-years in office, various financial schemes of the government have taken a big leap. The average deposit in the Pradhan Mantri Jan Dhan Yojana (PMJDY) has doubled in two years. Modi launched PMJDY in August 2014 to include poor in the banking system who didn’t have a bank account. The latest data of the Department of Financial Services says that the average deposit per account has more than doubled from Rs. 1,064 in March 2015 to Rs. 2,235 in March 2017.
The deposit base of PMJDY accounts has also increased. As on 05.04.2017, the deposit balance in PMJDY accounts was Rs. 63,971 crore in 28.23 crore accounts. The Bank Mitra network has also gained in strength and usage.
The average number of transactions per Bank Mitra, on the Aadhaar Enabled Payment System operated by Bank Mitras, has risen by over eightyfold, from 52 transactions in 2014-15 to 4,291 transactions in 2016-17. After demonetisation, the government also added additional 12.54 lakh point of sale (PoS) terminals
- Comment
- Reblog
-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
aniltikotekar4sme.com 