December 18, 2018

Claim: Before 2014, 50% of Indians did not have a bank account. Now, by the end of 2018, every family in the country is connected with the banking system. (Before 2014, 50% of Indians did not have a bank account. Now, by the end of 2018, every family in the country is connected with the banking system.)

Fact: Partly true. As of 2011, 58.7% Indian households already had a bank account, 8.7 percentage points more than the PM’s claim for three years later.

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