Finance Minister Arun Jaitley today said zero balance accounts under the Jan Dhan Yojana have come down to 20 per cent from 77 per cent previously. He was speaking at the Conclave on Financial Inclusion by United Nations in Delhi. Mr Jaitley said 300 million accounts were opened under Prime Minister Jan Dhan Yojana (PMJDY).
Launched in 2014 by Prime Minister Narendra Modi, the Pradhan Mantri Jan Dhan Yojana is aimed at providing universal access to banking facilities starting. Mr Jaitley said these Basic Banking Accounts could get overdraft facility of 5,000 rupees. Talking about the demonetisation Mr Jaitley said it has reduced the volume of cash and increased the tax base.