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Financial Inclusion

Pradhan Mantri Jan Dhan Yojana (PMJDY)

29.52 crore PMJDY accounts have been opened till 16.08.2017 across the country with deposit of Rs 65844.68 crore with an average deposit of Rs. 2231/ per account as against average deposit of Rs. 3324/ per account in the State of West Bengal.

All the Banks in the State of West Bengal issued Rupay Cards to 77% PMJDY customers against national issuance of 77%. Issuance of Rupay card has improved considerably in West Bengal. Bank Mitras should use Rupay Card compliant handheld devices/ Micro ATM, so that all the beneficiaries under PMJDY get the benefit of Rs.1 lac inbuilt accidental insurance.

Number of Zero balance accounts has come down to 14.76% of total PMJDY accounts opened in the State.

Aadhaar seeding percentage improved to 70.35% in West Bengal. 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.

Govt. of India has instructed all Banks to complete Aadhaar Authentication of all Current and Savings Bank Accounts within 31st December 2017. Accounts not having Aadhaar Authentication will be made inoperative w.e.f. 1st Januray 2018.

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 these 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 30.06.2017 is furnished below:
PSB 3183284 772282 228412 4183978
RRB 424402 63075 16503 503980
Private 122211 52283 20246 194740
Co-op 64012 14541 0 78553
Total 3793909 902181 265161 4961251

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.


PMJDY March 2017

PMJDY December 2016