The ascent and ascent of Jan Dhan Accounts
A paradigm shift has been going in the Indian Banking sector in the last 15 months. The announcement of PMJDY was greeted with much scepticism. The PMJDY was a Pan-India program designed to touch majority of unbanked Indians with minimal banking facilities. The initial uncertainties were ironed out and the glitches were fixed. The enrolment under PMJDY is increasing day by day. As and when Aadhaar numbers get linked to the PMJDY account, deduplication exercise can be carried out. This deduplication exercise though will reduce the total numbers of accounts will benefit in terms ...