Summary
In 12 years, over 590 million accounts have been opened, especially in villages and small towns.
The scheme also provides free debit cards and a small insurance cover.
It helps the government send money directly to people, without middlemen.
Key Points
5 points1
59.09 crore (≈590 million) accounts opened.
2
Deposits total about 3.17 lakh crore rupees.
3
41.29 crore (≈410 million) free debit cards issued.
4
Around 56% of accounts belong to women.
5
About 78% of accounts are in rural or semi‑urban areas.
New Words to Learn
5 wordsscheme
a plan or program
deposit
money saved in a bank
insurance
a promise to pay money if something bad happens
intermediaries
people who act between two sides, like middlemen
semi‑urban
areas that are not fully city but not completely countryside
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