Negative impactStocks
Jan Dhan Yojana: RTI shows one in four accounts is inoperative; here are the state-wise numbers
CNBC-TV18 40 min ago·7 Sept 2026, 5:59 am
The Right to Information (RTI) reveals a significant issue with the Pradhan Mantri Jan Dhan Yojana (PMJDY). According to the data, approximately one in four accounts under the scheme is inoperative, with a total of 5.72 crore accounts holding zero balance. Uttar Pradesh has the highest number of such inactive accounts, followed by other states with similar trends.
This finding is crucial for investors as it highlights the scale of unutilized financial inclusion. While the scheme has successfully opened millions of bank accounts, the low usage rate raises questions about the effectiveness of financial literacy drives and the actual reach of banking services to the intended beneficiaries.
Investors should monitor the government's response to this data. Future policy changes or targeted initiatives to activate these dormant accounts could impact the banking sector's performance. Keeping an eye on how regulators address this gap will be key for market participants.
Key takeaways
- Category: Stocks.
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