New Delhi
Total deposits in Jan Dhan accounts are set to cross Rs 90,000 crore with the government making the flagship financial inclusion programme more attractive, especially by doubling accident insurance cover to Rs 2 lakh.

According to data from the finance ministry, the deposits, which have been steadily rising since March 2017, have already reached Rs 89,257.57 crore as on January 30, and are steadily rising.

The Pradhan Mantri Jan Dhan Yojana was launched on August 28, 2014, with an aim to provide universal access to banking facilities for all households.The government has also shifted the focus on accounts from ‘every household’ to ‘every unbanked adult’.

According to the latest data, there were 34.14 crore account holders under the PMJDY.Enthused by the success of the scheme, the government has enhanced the accident insurance cover to Rs 2 lakh from Rs 1 lakh for new accounts opened after August 28, 2018.

The overdraft limit has also been doubled to Rs 10,000.An average deposit in these accounts was about Rs 2,615, compared with Rs 1,065 on March 25, 2015.