20 per cent drop in global unbanked population

16-Apr-2015 #Jan-Dhan Source: Economic Times

According to the latest edition of the Global Findex, 700 million people became account holders at banks, other financial institutions, or mobile money service providers between 2011 and 2014. Thus, the number of “unbanked” individuals dropped by 20 per cent. The report also noted that 125 million new bank accounts opened under India’s Pradhan Mantri Jan Dhan Yojana till January 2015.

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