The ministry feels it is imperative to keep accounts opened under the scheme active. It has already put in place various measures such as connecting the Direct Benefits Transfer (DBT) scheme to these accounts. So far, the DBT for liquefied petroleum gas, along with those for a few other schemes, have been linked with these accounts.
The department of financial services has decided to give banks commission, to ensure these accounts are kept active. A circular to this effect has already been issued to banks.
Of the accounts opened at public sector banks (PSBs) under the Jan Dhan Yojana, 71 per cent are zero-balance, against 64 per cent for private banks. Among private lenders, the percentage of ‘zero-balance Jan Dhan accounts at YES bank is 89, Kotak Mahindra Bank 77 and Axis Bank 75.
Among PSBs, 95 per cent of State Bank of India’s Jan Dhan accounts are zero-balance; for Indian Overseas bank, it stands at 84 per cent.
“Public sector banks have much greater rural penetration compared to the private sector,” Hasmukh Adhia, secretary in the department of financial services, said on Tuesday.