Negative impactEconomy
Jan Dhan Yojana: Every fourth account inoperative, Uttar Pradesh tops list; nearly 6 crore have zero balance
Mint 1 hr ago·6 Sept 2026, 3:00 pm
A recent Right to Information (RTI) response from the Finance Ministry reveals a significant issue with the Pradhan Mantri Jan Dhan Yojana (PMJDY). The data shows that approximately one in four accounts is inoperative, while nearly 57.2 million accounts hold a zero balance. Uttar Pradesh has the highest number of such inactive accounts, raising questions about the financial inclusion program's operational efficiency.
This situation matters to investors as it highlights a gap in financial literacy and banking penetration in certain regions. It suggests that while the government has successfully opened millions of accounts, the focus may now need to shift toward ensuring these accounts are active and used for transactions. For the broader market, this indicates ongoing challenges in achieving full financial inclusion in key states.
Investors should watch for policy updates or government initiatives aimed at reviving these inactive accounts. Improving the active user base could boost financial sector growth and digital adoption in these areas, which might have long-term implications for banking stocks and related sectors.
Excerpt from Mint
PM Jan Dhan Yojana: Every fourth account under Pradhan Mantri Jan Dhan Yojana is inoperative, while nearly 5.72 crore accounts had zero balance, according to the Finance Ministry's response to activist Chandra Shekhar Gaur's RTI application. Jan Dhan Yojana: Every fourth account under the Pradhan Mantri Jan Dhan…Read the original at Mint
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- Category: Economy.
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