A treasure of 2.75 lakh crore rupees deposited in PMJDY! For the first time, this much money has been deposited in Jan Dhan accounts.

Pradhan Mantri Jan Dhan Yojana: The impact of the Pradhan Mantri Jan Dhan Yojana is now clearly visible on the ground. For the first time, deposits in these accounts have reached 2.75 lakh crore rupees, indicating that poor and rural families are now embracing banking as a strong instrument of trust and security.

Pradhan Mantri Jan Dhan Yojana: The Pradhan Mantri Jan Dhan Yojana (PMJDY) has given a new direction to the country's banking system. The massive amount of 2.75 lakh crore rupees deposited in these accounts opened for the poor and low-income groups for the first time has surprised both the government and banks. This indicates that rural and the general public now consider banking not just a convenience but a security.

Average Balance Indicates Actual Account Use

At the 69th ASCI Foundation Day Lecture in Hyderabad, Department of Financial Services Secretary M. Nagaraju stated that the average balance in Jan Dhan accounts is ₹4,815. This indicates that people are not only opening accounts but also actively using them for savings and transactions.

Women and Rural Areas Dominate

Of the more than 570 million Jan Dhan accounts opened so far in the country, 78% are held by people in villages and small towns. Nearly half of these accounts are in the name of women. This shift indicates that banking services have now reached a segment of the country that was previously inaccessible.

DBT Increases Transparency in the System

This year, the government transferred ₹3.67 lakh crore directly to public accounts. Subsidies, pensions, scholarships, and farmer assistance have all reached beneficiaries directly, without any intermediaries. This process has elevated transparency in government schemes to a new level.

LIC Also Ready for Digital Transformation

During the lecture, M. Nagaraju explained that LIC is shifting all its services to digital mode in the coming months. Policy purchase, premium payment, and claims are all going to be easy, fast, and completely online.

What does this major achievement indicate?

Poor families are now prioritizing savings.

Women are becoming more financially empowered.

Trust in the banking system is steadily strengthening.

The impact of Digital India is beginning to be seen on the ground.

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