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Focus of Pradhan Mantri Jan Dhanyojana (PMJDY) Moves from Account Opening to the Provision of Cash-Out Facilities at an Approachable Distance to Reap the Real Benefits of Pmjdy; Under Pmjdy Close to 18 Crore (180 Million) Accounts Opened; 15.74 Crores Rupay Debit Cards Issued;

Dated:- 4-9-2015 - Mobilization of More Than ₹ 22,000 Crores (Rs 220 Billion) in Bank Accounts; Overdraft Facility Availed by 1,64,962 Account Holders as on 01.09.2015; 8227 Branches and 21,197 ATMS Added to the Network in 2014-15 The achievement under Pradhan Mantri Jan DhanYojana (PMJDY) is heading towards saturation. Initial demand for bank accounts was expected to be around 7.5 crores (75 million). However, so far close to 18 Crore (180 Million) accounts have been opened. 15.74 crores .....

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i Jan DhanYojana,( PMJDY) was announced by the Prime Minister Shri Narendra Modi in his Independence Day address on 15th August, 2014 and launched across the country on 28th August, 2014. Now the focus of PMJDY has moved from account opening to the provision of cash-out facilities at an approachable distance to reap the real benefits of PMJDY. To facilitate cash out facility, the banking network across the country comprises of the following:- Network of 1,25,857 branches of Scheduled Commercial .....

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