Jan-Dhan Yojana: NDA's financial inclusion push

A staggering 295 million accounts have been opened under the scheme, according to data

The National Democratic Alliance (NDA) government’s ambitious Jan-Dhan Yojana, which aims to bring the excluded sections of the society under the ambit of the formal financial system, has been a roaring success since its launch three years ago.

A staggering 295 million accounts have been opened under the scheme, according to the latest data. Of these accounts, 60 per cent belong to those residing in rural and semi-urban areas. Roughly, Rs 65,000 crore has been deposited in these accounts so far.  Ensuring that the poor have a bank account was only part of the strategy to deepen the financial inclusion.