Economy Watch -Lessons From The One Rupee Accounts In Jan Dhan Yojana !!!


One of the major successes of the  government has been the Jan Dhan Yojana. In fact, in 2015, around 12 crore bank accounts were opened under the scheme at a rapid pace of over 3 lakh accounts per day. As of September 21, 2016, a total of 24.61 crore accounts have been opened under the scheme. The accounts have a total of Rs 43,347.84 crore under them. Only, around 23.98 per cent of the accounts are zero balance accounts i.e. the accounts have been opened, but there is no money in these accounts. This is a huge improvement over January [...]