Pradhan Mantri Jan Dhan Yojana : About 1.65 lakh account holders avail overdraft under the scheme
According to the the Ministry of Finance nearly 1.65 lakh
account holders out of the total 18 crore accounts opened under the government
ambitious scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) have availed overdraft
In a statement the ministry noted that focus of PMJDY has
moved from account opening to the provision of cash-out facilities at an
approachable distance to reap the real benefits of the scheme.
The basic objectives of financial inclusion is the
delivery of financial services at an affordable cost to the vast sections of
the disadvantaged and low income groups.
There are nearly 1.26 lakh bank branches of
which 38% is in rural areas.
The network of bank branches, ATMs, Bank Mitras (Business
Correspondents) and enhancement of limit of cash withdrawal at PoS will help
the customers in meeting their cash withdrawal facility at an approachable
The government has recently doubled the limit for cash
withdrawal at POS (for debit cards and open system prepaid cards issued by
banks in India) to Rs 2,000 per day in Tier III to Tier VI centres.
Banks have also been asked not to levy any SMS/Message
charges on Prime Minister Jan-Dhan Yojana (PMJDY) accounts and Basic Savings
Bank Deposits (BSBD) Accounts.
More than Rs 22,000 crore have been mobilised under
PMJDY and 15.74 crore Rupay debit cards have been issued. Banks have been
directed to disburse overdraft facility up to Rs 5,000 under PMJDY and Aadhaar
number is not mandatory for this.
Indian Banks Association (IBA) has been
asked to issue revised guidelines to all banks. Overdraft facility has been
availed by 1.64 lakh account holders as on September 1, 2015," the