Private banks lag behind PSU lenders in opening Jan Dhan account

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pradhan-mantri-jan-dhan-yojna-logoWith about 30 lakh accounts under the Prime Minister’s Jan Dhan Yojana in over four months, private sector banks are way behind PSU lenders.

The state-owned banks have opened 8.62 crore such accounts in the same period. The number of such accounts opened by even regional rural banks stands at 1.92 crore.

As per the latest Finance Ministry data, 13 private sector banks have opened 30.47 lakh Jan Dhan bank accounts as against 8.62 crore by state-owned banks as on January 7.

Prime Minister Narendra Modi launched the financial inclusion scheme on August 28, 2014. The initial target was to open 7.5 crore such accounts, but the later it was revised upwards to 10 crore to be completed by January 26, 2015. However, this target has already been achieved.

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