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100% Financial Inclusion achieved by 2 states and 3 UTs

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According to the Finance Ministry, Goa and Kerala became the first states in the country to achieve 100 percent Financial Inclusion under Pradhan Mantri Jan Dhan Yojana (PMJDY). Also, three Union Territories namely Chandigarh, Puducherry and Lakshadweep achieved 100 percent financial inclusion.

According to the data three districts of Gujarat — Porbandar, Mehasana, Gandhinagar have been declared as 100 per cent saturated in terms of coverage of all households with at least one bank account.

PMJDY, which was launched by Prime Minister Narendra Modi on August 28, seeks to cover 7.5 crore un-banked households in the country in the first phase. It provides Rs 5,000 overdraft facility for Aadhar-linked accounts and RuPay debit card, besides a Rs 1 lakh accident insurance cover The scheme also envisages channeling all benefits from the Union, state and local governments to the beneficiaries’ accounts.