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Jan-Dhan Yojna Achieves 10-Crore Account Target
Jan 07, 2015

Banks have achieved the target set by the government to open 10 crore accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) a month before the January 26 deadline. As of December 26, the number of accounts opened under the scheme stood at 10.08 crore. Banks have issued 7.28 crore RuPay Cards and committed to cover the gap in issuance of RuPay cards and accounts opened, including of Regional Rural Banks by January 15, 2015. Banks were also asked to complete issuance of passbook to all account holders. Regarding the issue of settling life insurance Banks and LIC were asked to make claim forms readily available on their website. LIC was asked to settle the claim within 15 days from the date of receipt of claim, if otherwise in order. The settlement process will not exceed 30 days in any case.

As per the status, 99.73 percent survey work has been completed and 95.30 per cent household surveyed has been covered. In order to achieve universal access of banking, banks have deployed Bank Mitras in 1.23 lakh Sub Service Areas (SSAs). Banks are asked to complete deployment of Bank Mitras latest by January 15 and display details of the same on their own website as well as on State Level Bankers' Committee. This was to ensure that all Bank Mitra devices are online inter-operable through RuPay cards.

In order to ensure sustainability of Bank Mitras, banks were asked to ensure minimum earnings of Rs. 5,000 per month to bank Mitras by crediting the same directly in his or her account. At present only 21.50 percent of Bank Mitras are getting remuneration of more than Rs 5,000.


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