Jan Dhan accounts slip on credit score

After demonetisation was announced last Nov, Jan Dhan deposits increased to more than Rs 74,000 cr

Namrata Acharya  |  Kolkata 

Making Jan Dhan accounts eligible for credit has become a key concern for banks to keep the scheme viable, after having achieved its broader objective of financial inclusion. At present, less than 15 per cent of the accounts are credit-linked, according to informal estimates from banks. The lenders are now pushing for the overdraft facility of Rs 5,000, which comes with the accounts, to customers.  However, with a large number of account-holders deemed non-creditworthy, credit linkage is turning out to be a difficult task, bankers say.  Meanwhile, the huge ...

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