The Finance Ministry denies giving advisory to close inactive Jan Dhan accounts as recent media reports had suggested.
The Department of Financial Services clarified that it did not instruct banks to shut down inactive PM Jan Dhan Yojana accounts.
A national campaign was launched to enhance adoption of financial-inclusion initiatives like PMJDY, where banks are expected to conduct re-KYC procedures for due accounts and encourage reactivation.
Despite media reports citing a high number of inactive accounts, the department emphasized that no instructions have been issued for closure, with the focus remaining on bringing more people into the financial mainstream.