JAN DHAN ACCOUNTS NOW HOLD ₹2.75L-CR

India’s financial inclusion drive has reached a major milestone, with Jan Dhan accounts across the country now holding a total balance of about Rs 2.75 lakh crore.

- INDO-ASIAN NEWS SERVICE

This works out to an average of Rs 4,815 in each account, according to M Nagaraju, Secretary, Department of Financial Services.

Delivering the 69th Foundation Day Lecture on India’s Financial Inclusion Journey at the Administrative Staff College of India (ASCI), Nagaraju said India has witnessed a transformation in how people access and use financial services.

He described the country’s progress as “nothing short of a miracle”, noting that the Pradhan Mantri Jan Dhan Yojana (PMJDY) launched in 2014 played a crucial role in bringing more than 57 crore people into the formal banking system.