Pradhan Mantri Jan Dhan Yojna made it to Guinness World Records

Pradhan Mantri Jan Dhan Yojna(PMJDY) on 20 January 2015 made it to Guinness Book of World Records.

Indian Banks opened 11.50 crore accounts under the Pradhan Mantri Jan-Dhan Yojana in a short span of five months. The feat was commended by the Guinness Book of World Records.

Out of the total account opened, 5.68 crore accounts belonged to male and 5.82 crore account belonged to females. In percentage terms, 49.37 % accounts belonged to male while 50.63% accounts belonged to females.

6.84 crore accounts were opened in rural areas which is 59.49%  of the total accounts opened while in urban area  4.66 crore accounts were opened which is 40.51%.

In August 2014, Indian Government set a target of opening up 10 crore accounts to pass on benefits of various social security schemes to the account holders.

Now, Government will transfer annual subsidy of around 51029 crore rupees directly to bank accounts of 15.45 crore beneficiaries, plugging system leakages.

PMJDY was launched by Prime Minister Narendra Modi in August 2014. The scheme was launched for opening the most bank accounts—about 1.80 crore— in one week as part of the financial inclusion campaign.