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FINANCIAL INCLUSION

Pradhan Mantri Jan Dhan Yojana (PMJDY)

27.64 crore PMJDY accounts have been opened till 15.02.2017 across the country with deposit of Rs 65225.81 crore with an average deposit of Rs. 2359/ per account as against average deposit of Rs. 3239/ per account in the State of West Bengal.

All the banks in the State of West Bengal issued Rupay Cards to 78.97% PMJDY customers against national issuance of 77.79%. Issuance of Rupay card has improved considerably in West Bengal. Bank Mitras should use Rupay Card compliant hand-held devices/ Micro ATM, so that all the beneficiaries under PMJDY get the benefit of Rs.1lac inbuilt accidental insurance.

Zero balance accounts contribute 18.13% of total PMJDY accounts opened in the State as compared to 24.20% across the country. PMJDY Bank wise and District wise figure as on 08.02.2017 is annexed.

Aadhaar seeding percentage is 50.43 in West Bengal as compared to 60.02 % across the country. On the issue of bulk seeding of Aadhaar numbers from MNREGA database or database of other department, all banks are to observe due diligence and obtain written consent of the customer before seeding the Aadhaar number in the Bank account. All banks are requested to push up Aadhaar seeding for smooth DBT transactions.

DFS, MoF, GoI is reviewing the progress of PMJDY in respect of Financial Literacy, Rupay Card activation and status of Bank Mitra through Video Conference on regular basis. SLBC Desk West Bengal along with member banks and State Mission director (PMJDY) participate in VCs. SLBC communicates the direction of the DFS regularly to member banks for implementation.

Social Security Schemes:

Performance of 3 Social Security Schemes viz. Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana(APY) as on 31.12.2016 in the State of West Bengal is furnished below:

Performance of these 3 Social Security Schemes as on 31.12.2016 is furnished below:

Bank Type PMSBY PMJJBY APY Total
PSB 3980872 866382 153446 5000700
RRB 488413 79317 14107 581837
Private 118109 52000 11063 181172
Co-op 65266 17239 0 82505
Total 4652660 1014938 178616 5846214


Amendment in rules for implementation of PMJJBY:

It has been advised by DFS, MoF, GoI (letter F.No.H-12011/2/2015-Ins.II dated 02.05.2016) to incorporate a lien clause in the rules of PMJJBY with effect from 01.06.2016 whereby claims for deaths which occur during first 45 days from the date of enrollment will not be paid, effectively meaning that the risk cover will commence only after the completion of 45 days from the date of enrollment into the scheme by the member. However, death due to accident will be exempted from the lien clause.


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