Jan-Dhan takes off, RuPay card issuance lags

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The finance ministry on Thursday said that a total of 3.02 crore accounts were opened under the ambitious financial inclusion
scheme Pradhan Mantri Jan-Dhan Yojana by

September 8, but added that against these accounts only 33.6 lakh RuPay debit cards were issued. The ministry clarified that PMJDY benefits can be extended to existing account holders as well.

Of the new accounts opened under the scheme till September 8, 1.89 crore were in rural areas and 1.13 crore in urban locations,
according to the ministry.

Banks are making all-out efforts to clear the backlog in RuPay cards issuance in about four weeks, the ministry said. Till September 8,
banks had collected Rs 1,496.51 crore under the scheme, or an average of Rs 495 per account. Because of the incentives announced

under the scheme, many of the existing account holders had opened a new account
under PMJDY. ".. benefits announced under PMJDY can be extended to the existing
account holders in their previous accounts as well and new account need not be opened",
the ministry said.

http://m.financialexpress.com/news/jandhan-takes-off-rupay-card-issuance-lags/1288079
 
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