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Nearly every Indian household has a bank account

Jan Dhan data suggest all but 23,000 households in India have access to banking services, but a large proportion of inoperative accounts and Aadhaar seeding remain a challenge

If the latest figures for the Pradhan Mantri Jan Dhan Yojana (PMJDY) are anything to go by, all but 23,000 Indian households have already been made part of the banking system - an impressive coverage for the government's ambitious financial-inclusion programme. According to the PMJDY website, a little more than 127 million new bank accounts have been opened since launch of the scheme on August 28, 2014. Overall, that takes the number of households in the country with at least one individual bank account to 210.5 million. In what could be a gauge of the scale of coverage, the ...