"As on October 7, 2014, 5.52 crore accounts have been opened and a deposit of Rs 4,268 crore have been mobilised under PMJDY so far," the finance ministry said in a statement.
    
Prime Minister Narendra Modi had launched this ambitious scheme of financial inclusion on August 28.

The benefit of PMJDY can be extended to existing account holders without opening a new account. The statement said PMJDY was reviewed by Mission Director and other senior officers of public sector banks and major private sector banks on October 9.

"During the review, setting up of banking facilities through the Bank Mitrs as envisaged in PMJDY was emphasised. Senior Officers were asked to visit the field locations, carry out physical verification of the Bank Mitras," the statement said.

All banks were also asked to ensure ground level publicity, including wall painting and other relevant media to disseminate the message of PMJDY, it added.

The main features of the PMJDY scheme include Rs 5,000 overdraft facility for Aadhar-linked accounts, RuPay Debit Card with in-built Rs 1 lakh accident insurance cover.

Besides, account holders under the scheme will get life insurance cover of Rs 30,000. This is an additional benefit that was announced by the Prime Minister during the launch of the scheme.

Latest News  from Business News Desk