The Ministry of Finance refuted claims of instructing banks to close inactive PM Jan Dhan Yojana accounts. A three-month campaign began on July 1 to promote various welfare schemes.
Key Highlights:
• Ministry clarified no directive issued to close dormant accounts
• Banks to conduct re-KYC during the campaign
• Department of Financial Services monitoring inoperative PMJDY accounts
• Campaign aims to enhance adoption of welfare schemes
The development assures account holders that inactive PM Jan Dhan Yojana accounts will not be closed abruptly, emphasizing the government’s commitment to financial inclusion and welfare scheme promotion in India.
Source: Business News Today, Latest Finance News | The Hindu