Jan dhan yojana: The Finance Ministry clarified on Tuesday, July 8 that it has not instructed banks to close the inactive accounts of the Pradhan Mantri Jan Dhan Yojana (PMJDY). This explanation comes after media reports claiming that the government has asked banks to close such accounts.
The ministry’s statement said, “The Finance Services Department (DFS), the Ministry of Finance has clarified that it has not asked banks to close the inactive Pradhan Mantri Jan Dhan Yojana accounts.”
Three months campaign across the country
According to the statement, from July 1, DFS has launched a three -month campaign across the country. Its purpose is to further strengthen the reach of Pradhan Mantri Jan Dhan Yojana, Jeevan Jyoti Bima Yojana, Atal Pension Yojana and other welfare schemes.
During this campaign, banks have been asked to re-KYC (RE-KYC) of DU accounts. DFS continuously monitors the status of inactive public money accounts. He has advised banks to contact the respective account holders so that their accounts can be activated again.
The statement also said, “There has been a continuous increase in the number of PMJDY accounts and the Finance Services Department has not received any information about closing any kind of passive accounts on a large scale”.
What is Pradhan Mantri Jan Dhan Yojana?
The Pradhan Mantri Jan Dhan Yojana (PMJDY) started on 28 August 2014. Its purpose is to connect every household in the country, especially poor and unorganized classes with banking services.
Under this scheme, any person can open zero-balance saving account in any bank. Along with this, they get benefit through Rupay Debit Card, Excellent Insurance of ₹ 2 lakh, Life Cover of ₹ 30,000 and Direct Benefit Transfer (DBT) of direct benefit transfer (DBT).
The purpose of Jan Dhan Yojana is to promote financial literacy, motivate people to save and provide them credit and insurance facilities. It is one of the world’s largest financial inclusion schemes. So far, more than 54.58 crore people have joined it.
What is the whole matter of public money account?
In fact, some media reports claimed that the central government has advised public sector banks to review the accounts opened under the Pradhan Mantri Jan Dhan Yojana (PM Jan Dhan Yojana). According to this, by December 2024, 11.3 crore of the total accounts (23%) were in-active, which would be closed.
However, now the government has made it clear that it has not instructed to close the inactive public money account. This means that even if you are not transacting with your public money account, the government will not stop it.
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