PSBs Branches in Rural Areas for Success of PMJDY

Ministry of Finance

PSBs Branches in Rural Areas for Success of PMJDY

Posted On: 16 JUL 2019 by PIB Delhi

Under Pradhan Mantri Jan Dhan Yojana (PMJDY), account holders are provided banking services free of charge and without any requirement of maintaining minimum balance. As per the information provided by banks, district-wise number of accounts opened under PMJDY in Gujarat as on 03.07.2019 is at Annexure I. State-wise details of deposit balance in PMJDY as on 03.07.2019 is at Annexure II.

Reserve Bank of India (RBI) has rationalized its Branch Authorisation Policy and granted general permission to domestic Scheduled Commercial Banks (excluding Regional Rural Banks), including Public Sector Banks, to open banking outlets (a fixed point service delivery unit, manned by either bank’s staff or its Business Correspondents) at any place in the country, without seeking prior approval of RBI in each case, subject to at least 25 percent of the total number of banking outlets opened during a financial year being in unbanked rural centres (Tier 5 and Tier 6 centres ie. having population less than 10,000). For this purpose, banking outlets opened in any centre having population less than 50,000 in North Eastern states and Sikkim and also Left Wing Extremism (LWE) affected districts as notified by the Government of India are also considered as equivalent to opening of banking outlets in unbanked rural centres.

Under PMJDY scheme all villages were mapped into 1.59 lakh Sub-Service Areas (SSAs) where one SSA catering to 1,000 to 1,500 households. As informed by banks, while 0.33 lakh SSAs have been covered with bank branches, 1.26 lakh SSAs have been covered by deployment of interoperable Bank Mitras.

              As per RBI, since the launch of PMJDY in August 2014, the number of rural branches of Scheduled Commercial Banks (SCBs) has increased from 41,823 in March 2014 to 51,653 in March, 2019. Further, number of Branch less mode / Business Correspondents (BCs) of Scheduled Commercial Banks (SCBs) in rural areas has also increased from 3.37 lakh in March, 2014 to 5.15 lakh in March, 2018.

This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.

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DSM/RM/PD

Annexure I 

“PSBs branches in rural areas for success of PMJDY”

Total Number of accounts opened under  PMJDY in Gujarat as on 03.07.2019

District

PMJDY Accounts

Ahmadabad

1137933

Amreli

227839

Anand

470256

Arvalli

255369

Banas Kantha

1024251

Bharuch

494486

Bhavnagar

586314

Boatad

118779

Chhotaudepur

121133

Devbhoomi Dawarka

87637

Dohad

844455

Gandhinagar

205834

Gir Somnath

165110

Jamnagar

331213

Junagadh

315936

Kachchh

484639

Kheda

535284

Mahesana

401521

Mahisagar

61134

Morbi

97760

Narmada

241106

Navsari

356933

Panch Mahals

607206

Patan

359394

Porbandar

86108

Rajkot

552828

Sabar Kantha

420025

Surat

1450148

Surendranagar

409055

Tapi

199603

The Dangs

102381

Vadodara

788624

Valsad

535919

Total

14076213

Source: Banks

Annexure II 

“PSBs branches in rural areas for success of PMJDY”

Deposit in PMJDY accounts as on 03.07.2019

State

Deposit in PMJDY Accounts (in Rs. crore)

Andaman & Nicobar Islands

23.76

Andhra Pradesh

1981.73

Arunachal Pradesh

118.07

Assam

3519.40

Bihar

9888.03

Chandigarh

105.10

Chhattisgarh

3214.06

Dadra & Nagar Haveli

49.67

Daman & Diu

18.89

Delhi

1783.14

Goa

90.79

Gujarat

4264.10

Haryana

3253.33

Himachal Pradesh

592.18

Jammu & Kashmir

949.45

Jharkhand

3194.51

Karnataka

3639.04

Kerala

1295.84

Lakshadweep

8.38

Madhya Pradesh

5134.27

Maharashtra

6058.64

Manipur

201.56

Meghalaya

244.02

Mizoram

88.03

Nagaland

54.79

Odisha

4494.46

Puducherry

39.52

Punjab

2555.18

Rajasthan

7541.72

Sikkim

39.66

Tamil Nadu

1937.10

Telangana

1694.20

Tripura

682.05

Uttar Pradesh

18235.10

Uttarakhand

1108.46

West Bengal

12397.70

Total

100495.95

Source: Banks

Source: PIB