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Year End Review Highlights of the Major Acheivements of the Department of Financial Services (DFS) Ministry of Finance

Dated:- 15-12-2015 - Department of Financial Services (DFS), Ministry of Finance is a nodal department as far as banking and insurance sector in the country is concerned. In the current fiscal, Department of Financial Services has taken various initiatives and launched different Financial Inclusion & Social Security related Schemes in its pursuit of achieving the goal of Universal Financial Inclusion. The major achievements of the Department during the Current Fiscal are as follows : 1. PRAD .....

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t for including people left-out into the mainstream of the financial system. The Government started the PMJDY to provide 'universal access to banking facilities' starting with Basic Saving Bank Account with an overdraft upto ₹ 5000 subject to satisfactory operation in the account for six months and RuPay Debit card with inbuilt accident insurance cover of ₹ 1 lakh . Achievements As on 11th November 2015, Banks have opened 19.21 Crore accounts under PMJDY with deposit of more .....

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36.50 % from September 2014 to 11th November 2015. For providing Banking access in the country, out of total 159920 Sub-Service Areas (SSAs), 126003 SSAs have been covered through fixed location Bank Mitrs& 33100 SSAs have been covered through branches as on 13th November 2015. 817 SSAs are uncovered due to connectivity issue. To ensure universal banking access more than 1.26 lakh Bank Mitrs have been deployed with on- line devices capable of e-KYC based account opening and significant numb .....

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ctions: Transfer of subsidy of more than Rs 17446 crore through Jan Dhan accounts from November 2014 to 31st July 2015. (Source: Ministry of Petroleum & Natural Gas). Pradhan Mantri Jan - Dhan Yojana (Accounts Opened as on 02.12.2015) (All Figures in Crores) Bank Name RURAL URBAN TOTAL NO OF RUPAY CARDS AADHAAR SEEDED BALANCE IN ACCOUNTS % OF ZERO-BALANCE-ACCOUNTS Public Sector Bank 8.39 6.80 15.20 13.46 7.03 21450.31 34.54 Regional Rural Bank 2.99 0.50 3.49 2.51 0.98 4683.38 32.09 Private B .....

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-farm sector income generating activity such as manufacturing, processing, trading or service sector and whose credit need is less than10 lakh can approach either a Bank, MFI, or NBFC for availing of MUDRA loans under Pradhan Mantri Mudra Yojana (PMMY). Categories of loans: Loans upto ₹ 50,000 - Shishu Loans above ₹ 50, 000 and upto ₹ 5.0 lakh - Kishore Loans above ₹ 5.0 lakh and upto ₹ 10 lakh - Tarun MUDRA Card is an innovative credit product wherein the borrower .....

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542 New Entrepreneurs- 3286094 SC/ST/OBC borrowers- 2201944 Total Mudra Card issued - 198499 No of Shishu Loans have nearly gone-up nearly six fold (from 7.2 lac to 47 Lac) and the amount disbursed shows a 283% hike. (from ₹ 1835 Cr. to ₹ 7046 Cr.) In the Kishore loan category, disbursements have increased by 91% (from ₹ 8156 Cr. to ₹ 15704 Cr.) In the Tarun Loan category, disbursements have increased by 21% (from ₹ 7851 Cr. to ₹ 9501 Cr.) JAN DHAN SE JAN SURA .....

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tional architecture of the National Pension System (NPS). APY is being operationalised through CBS enabled Banks. Public Sector Banks, Private Sector Banks, Regional Rural Banks, Apex Cooperative Banks and District Central Cooperative Banks have already started the process of mobilization and registration of the subscribers under Atal Pension Yojana. Achievements: A total of 10.35 lakh subscribers have been enrolled under the Scheme as on 24.11.2015. 4. PRADHAN MANTRI SURAKSHA BIMA YOJANA (PMSBY .....

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