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Jan Dhan Yojana enrolled 300 mn poor in banking system in 1 year: SBI Chief

SBI has started to reap profits as a total of Rs. 260 billion has been deposited with them under PMJDY so far

ANI  |  New Delhi 

SBI net profit down 38% on higher provisioning
Rajnish Kumar, SBI Chairman

State Bank of India (SBI) Chairman on Thursday informed that Pradhan Mantri (PMJDY) enrolled 300 million people from the low-income groups in the banking system in one year.

"Pradhanmantri enrolled 300 million people from low-income group in the banking system in one year. 32 per cent of the total accounts are held by the SBI," Kumar said.

He further said that the has started to reap profits as a total of Rs. 260 billion has been deposited with them under so far, with an average of Rs 1800.

Pradhan Mantri Jan Dhan Yojana, a government scheme that aims to expand and make affordable access to such as bank accounts, remittances, credit, insurance and pensions, was launched by on August 15, 2014.

First Published: Thu, November 15 2018. 19:05 IST
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