Congress accuses PM Modi of ‘jumla’ as data shows banks deposit Re 1 in Jan Dhan accounts

The Indian Express first reported that banks were depositing Rs 1 in Jan Dhan accounts to reduce the number of zero-balance accounts in the country.

By: Express Web Desk | New Delhi | Updated: September 13, 2016 8:48 pm
zero balance, bank zero balance, jan dhan accounts, bank jan dhan account, erase zero balance accounts, punjab and sind bank, zero balance account, open zero balance account, how to open bank account, indian express investigation, syndicate bank, banking, banking and finance, indian express news, business, banking news Passbooks with deposits of `1 at the office of a bank agent in Barh, Bihar. Source: Shyamlal Yadav

Accusing the Narendra Modi government of using rhetoric and ‘jumla’ to fool public, the Congress party on Tuesday laid into the prime minister for calling the Jan Dhan Yojana a success at a time when banks have deposited Re 1 in Jan Dhan accounts to show that ‘zero balance’ accounts are in decline.

“Rhetoric and ‘jumlas’ having become the sole hallmark of his government, Prime Minister, Shri Narendra Modi seems to be buying the loyalty of the Indian people at the rate of Rs.1,” said Congress leader Randeep Singh Surjewal.

The Indian Express first reported that banks were depositing Rs 1 in Jan Dhan accounts to reduce the number of zero-balance accounts in the country. As many as 20 branch managers and officials told The Indian Express, on the condition that they not be identified, that there is “pressure” on them to show that zero-balance accounts are falling in number. “There was a perception that so many zero-balance accounts means no one is using them, so there was pressure on us to change that,” said one official.

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The Congress went on to attack the prime minister for allegedly fudging the GDP figures and claiming that the economy is on the rise when all indices of exports, industry and manufacturing have plummeted.

“There were yarns of fantasy woven around “Give it up” saving 24,000 Cr in LPG subsidy and lowering inflation claims even as Dal sold at Rs.200/Kg and Vegetables and Milk soared. Tales of Financial inclusion were then imagined and dished out around the Jan Dhan Yojana. The Prime Minister, Shri Narendra Modi and his motley group of disempowered Ministers have been doing nothing but fudging numbers, manipulating data and institutions and creating a chimera of performance and development out of thin air,” Surjewal said in a statement.