Odisha News Insight

Government issues 24.85 Cr RuPay Cards till Jan 2016

RuPay CardsThe number of RuPay Cards issued till 31.1.2016 are 24,85,79,824 as informed by the National Payments Corporation of India (NPCI).

In order to promote RuPay Card the Government of India has launched Pradhan Mantri Jan Dhan Yojana (PMJDY) on 28th August, 2014.

The Yojana envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension.

The bank account holders of PMJDY also get a RuPay Debit Card having inbuilt accident insurance over of Rs. 1.00 lakh. This was stated by Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

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