FM Revises the Target of Opening of Bank Accounts under PMJDY to 10 Crore by 26th January, 2015; Calls for more Active Participation by the Private Sector Banks ; Directs Bankers to take-up Financial Literacy Programmes to Promote Savings and other Financial Services

The Union Finance Minister Shri Arun Jaitley revises the target for opening of accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) from 7.5 crore to10 crore by 26th January, 2015. This will amount to opening of one account for each household in the country. The Finance Minister also asked the officers that Aadhar card numbers may also be seeded with bank accounts as the same will help in directly transferring the subsidies to the bank accounts of the desired sections of the society under Direct Benefit Transfer (DBT) scheme. The Finance Minister Shri Jaitley was speaking while Chairing the meeting of the Mission of PMJDY here yesterday. The meeting was also attended among others by Shri Ravi Shankar Prasad, Minister of Communication, Information & Technology, Chaudhary Birender Singh, Minister of Rural Development, Dr.Hasmukh Adhia, Secretary, Department of Financial Services, Shri L.C. Goel, Secretary, Ministry of Rural Development, Shri Rakesh Garg, Secretary, Department of Telecomunications, Shri S.S. Mundra, Deputy Governor, RBI and Shri T.M. Bhasin, Chairman, Indian Bank's Association.