As per the data released from the Finance Ministry, deposits in government's flagship financial inclusion scheme Jan Dhan accounts are rising steadily since March 2017, and as on January 30 have already reached Rs 89,257.57 crore. As on January 23, the deposits in these accounts were at Rs 88,566.92 crore.

The Pradhan Mantri Jan Dhan Yojana (PMJDY) programme introduced on August 28, 2014 aimed at providing universal access to banking services to all households. And acknowledging the success of the scheme, the government has increased accidental insurance cover from Rs. 1 lakh to Rs. 2 lakh for new Jan Dhan accounts that have been opened after August 28, 2018. Also, the overdraft limit has been doubled to Rs 10,000.

As per the latest data, under the scheme there have been 34.14 crore account holders. The average deposit amount in these accounts has increased to nearly Rs.2,615 from Rs 1,065 on March 25, 2015.

More than 53% of the account holders under the scheme are women. Further, about 59% accounts are in semi-urban and rural areas.

The government in view of the current scenario has now shifted its focus to 'every unbanked adult' from 'every household'.

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