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Also, while extending loans, a greater scrutiny of the account holder’s profiles are the need of the hour to make Jan Dhan Yojana more efficacious, Kumar said.
Reflecting on the initial criticism faced by Modi for the Jan Dhan initiative, Dr. Saha asserted that the move eventually proved beneficial, making banking accessible to millions.
She added it is heartening to note that over 500 million people have been brought into the formal banking system through the opening of Jan Dhan accounts.
Source: https://thelinkpaper.ca/pradhan-mantri-jan-dhan-yojana-crosses-500-million-mark/