Jan Dhan deposits up 118 per cent over 21 months - Dollar Advisory & Financial Services

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Monday 27 June 2016

Jan Dhan deposits up 118 per cent over 21 months

The normal store per account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) - a money related incorporation program dispatched by Prime Minister Narendra Modi in August 2014 - expanded 118 for each penny from Rs 795 in September 2014 to Rs 1,735 in May 2016, as indicated by IndiaSpend investigation of government information.

PMJDY accounts quadrupled (expanded by 308 for every penny), from 53 million in September 2014 to 219 million in May 2016, while the extent of records with no cash in them - zero-equalization accounts, as they are called - declined from 76 for each penny in 2014 to 25.7 for each penny in 2016.

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