SRINAGAR: While most states in India have achieved hundred per cent ‘Financial Inclusion’ under the Pradhan Mantri Jan Dhan Yojana (PMJDY), about 12 per cent of the target households in Jammu and Kashmir is yet to be covered under the New Delhi-sponsored scheme.
As per the official records, at least 27,990 of the target 2, 57,456 households are yet to open bank accounts under the PMJDY.
A total of 7, 32,183 accounts, pertaining to 2, 29, 466 households, have been opened by 33 banks operating in the state since the launch of PMJDY in August last year, the records reveal.
These include about 6,01,741 accounts in rural areas and 1,30,442 opened in the urban localities, it shows.
According to the records, Manipur (78%), Nagaland (76%), Meghalaya (83%), Arunachal Pradesh (84%), Odisha (86%), and Sikkim (89%) are the only other states lagging behind in implementation of the scheme.
In Jammu and Kashmir, Samba district in Jammu region is recorded as the top performer with 99.09 per cent Financial Inclusion, followed by Srinagar with 98.93 per cent implementation.
The maximum number of accounts, 5,22,979 have been opened by the J&K Bank, securing Rs 6828.28 lakh as deposits, the records read.
State Bank of India has opened 54,463 accounts followed by Punjab National Bank, which has created 44,457accounts, it adds.
HDFC bank, one of the leading private sector banks in the state, has only opened 2209 accounts, it adds.
Under PMJDY, every accountholder gets a debit card (RuPay card) and accident insurance cover of up to Rs 1, 00,000. They also get an overdraft facility of up to Rs 5,000 each.
Account can be opened in any bank branch with zero balance unless the client wishes to have a cheque book.
In Jammu and Kashmir, however, only about 35.87per cent of the accountholders under PMJDY have been provided with RuPay cards, the records shows.
The J&K Bank, it adds, has given the cards to just 18.03 per cent of the accountholders.
The state has also done badly in terms of linking the opened accounts with Aadhar cards. The records show only 62,737accounts (8.57per cent) opened under PMJDY in the state have been linked to Aadhar cards.