As per RBI Report on Trend and Progress of Banking in India 2017-18, the proportion of persons joining the Formal Financial System in terms of an account at Financial Institutions has more than doubled since 2011 and by 2017, it had reached 80 per cent of the Indian population - News and Press Release - Dated:- 12-2-2019 - Ministry of Finance Posted On: 12 FEB 2019 5:40PM by PIB Delhi As per the Reserve Bank of India s (RBI) Report on Trend and Progress of Banking in India 2017-18, powered by the drive to mobilise account ownership among unbanked adults through the Pradhan Mantri Jan Dhan Yojana (PMJDY), the proportion of persons joining the formal financial system in terms of an account at financial institutions has more than doubled since 2011 and by 2017, it had reached 80 per cent of the Indian population - comparable with China and better than other BRICS peers. Within a span of four years, the total number of accounts opened under the PMJDY expanded to 328 million, with ₹ 8

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =