The government has published an infographic that makes certain claims about financial inclusion and insurance. Here is a fact check of these claims. The government has published an infographic that makes certain claims about financial inclusion and insurance. This infographic is published on the 48-months portal of the government. Here is a fact check of these claims. What is the Jan Dhan Yojana and how is it performing? The first claim is that a bank account has been opened for every family in just four years. It also claims that 31.52 crore Jan Dhan accounts have been opened, equivalent to the population of USA. In an answer provided in the Lok Sabha, the current finance minister mentioned about the PMJDY and how it is different from the earlier financial inclusion schemes. He said, ‘The Pradhan Mantri Jan-Dhan Yojana (PMJDY) 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 beneficiaries would get a RuPay Debit Card having inbuilt accident insurance covers of Rs 1 Iakh. In addition, there is a life insurance cover of Rs. 30000 to those people who open their bank accounts for the first time between 15/08/2014 and 26/01/2015 and meet other eligibility conditions of the Yojana. PMJDY is different from the earlier financial inclusion programme (Swabhimaan) as it seeks to provide universal access to banking services across the country and focuses on coverage of all households (both rural and urban) while the earlier Financial Inclusion Programme was limited to provide access point to villages with population greater than 2000. Further, PMJDY focuses on interoperability of accounts which was not there earlier; has simplified KYC guidelines and involves the Districts and States for monitoring and follow-up.’ In the year 2005, the Reserve Bank of India (RBI) has directed banks to make a basic, ‘no-frills’ account available to all the citizens. In the year 2012, the RBI issued detailed guidelines to banks about the Basic savings bank deposit account, which was also a financial inclusion scheme. Information about the number of such accounts is not available in the public domain. As far as PMJDY is concerned, as per an answer provided by the government in March 2018 in the Lok Sabha, 31.34 crore accounts were opened. As per another answer provided in August 2018, the government mentioned that 32.17 crore accounts have been opened under PMJDY. The government also stated that out of the total accounts, 59% are in rural/semi-urban centers and 53% have been opened by women beneficiaries. As on 29th October 2018, the PMJDY website shows that there are 32.99 crore beneficiaries of the scheme. According to the Census of India’s population enumeration data collected in 2011, there are 24.7 crore households in India. Hence, the number of bank accounts opened under PMJDY is more than the total number of households (32.99 crore). However, it cannot be verified if every family has a bank account (despite assuming a household as a proxy for a family). The Census Bureau of the United States shows that there were 32.88 crore people in the country as on 28th October 2018. Claim: A bank account has been created for every family in just four years. Fact: 32.99 crore accounts have been opened under PMJDY but it is not possible to verify if each & every family has a bank account. Hence, the claim remains UNVERIFIED. Claim: 31.52 crore Jan Dhan accounts have been opened, equivalent to the population of USA. Fact: A total of 32.99 crore accounts have been opened under PMJDY till date. The latest population of the USA is 32.88 crores. Hence, the claim is TRUE. Is social security ensured to all citizens? The next claim is that social security has been made a nationwide phenomenon with Jan Suraksha. It also claims that more than 19 crore people have been insured against life and accident risk or ensured pension. As per an answer provided by the government in Lok Sabha, “Three social security schemes were launched in May 2015 pertaining to the Insurance and Pension Sectors namely Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and the Atal Pension Yojana (APY) in a move towards creating a universal social security system, targeted especially for the poor and the underprivileged. The schemes provide essential and affordable social protection to all citizens in a convenient manner linked to auto-debit facility from bank accounts. These schemes address the issue of low coverage of life or accident insurance and old age income security in the country.” PMJJBY was launched in May 2015 and it offers life cover of Rs.