PMJDY accounts increased from 60.38% in March’17 to 85.70% in November’21

As a result of the many initiatives by the Government, the share of operative Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts has increased from 60.38% in March’17 to 85.70% in November’21. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today.

As informed by banks, the Minister stated that state-wise number of accounts opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) along with RuPay Debit Cards issued is ANNEXED.

Whether a large number of accounts are dormant/inoperative, the Minister stated that as per Reserve Bank of India (RBI) guidelines dated 18.02.2009, a savings account should be treated as inoperative/dormant if there are no transactions in the account for over a period of two years.

In this regard, the Minister stated, RBI has advised Financial Literacy Centres (FLCs) and rural branches of banks to conduct outdoor financial literacy camps for customers in collaboration with ground level stakeholders at the District/ panchayat /village level. They also conduct specific camps for target audience like farmers, small entrepreneurs, Self Help Groups, senior citizens etc. including women. The Centres for Financial Literacy project of the RBI also impart financial education among adults. In addition, banks in general organise camps, to create awareness about the banking habits including the benefits of keeping the account active.

On the question whether the beneficiaries can avail formal credit under the PMJDY, the Minister stated that the beneficiaries can avail overdraft facility upto Rs.10,000 after fulfillment of certain minimum conditions. In addition, they can also avail credit from banks as per the extant guidelines/policy.



(Release ID: 1781002)
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Opening of SBI Accounts by NGOS

Prior to enactment of The Foreign Contribution (Regulation) Amendment Act 2020, exclusive FCRA bank accounts could be opened in any branch of scheduled banks.   The Foreign Contribution (Regulation) Amendment Act 2020, mandates that each FCRA NGO has to now compulsorily open ‘FCRA account’ in SBI, Main Branch, New Delhi for initial remittance/receipt of foreign contribution (FC) from a foreign source. The State Bank of India has informed that as on 31.07.2021, total of 18377 designated FCRA accounts have been opened with SBI, New Delhi Main Branch.

The details of Foreign Contribution (FC) received during last three years as reported in Annual Returns filed by NGOs is given below: –

                                                                                                       (Rs. in crores)

Financial Year

Foreign Contribution (FC) received by NGOs (excluding interest earnings and net income generated by FC)







In view of Covid-19 led constraints as well as to ensure smooth transition to the amended FCRA regime, the FCRA NGOs were allowed to receive FC in their old FCRA accounts until 30 June 2021. Receipt of FC in SBI, New Delhi Main Branch has been made mandatory only from 1st July 2021 onwards.

This was stated by the Minister of State for Home Affairs, Shri Nityanand Rai in a written reply to question in the Rajya Sabha today.



(Release ID: 1744884)
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