Bank accounts for all set to become a reality

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The ambitious plan of the government to achieve financial inclusion for all is all set to become a reality. According to latest data, 10.3 crore (103 million) new accounts have been opened in the last three months under the Pradhan Mantri Jan Dhan Yojana.

Under the Jan Dhan scheme, which was unveiled by the Prime Minister Narendra Modi, a target of opening 75 million accounts was set by 26 January which was later revised to 100 million. Banks managed to achieve the target of opening 100 million bank accounts a month before the deadline of 26 January.

By now 98.41 per cent of the households are covered under the scheme.

Hasmukh  Adhia, Secretary, Department of Financial Services said that RuPay cards have been issued to 79.7 per cent of the accounts.

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