Prime Minister Narendra Modi on Thursday said the government's money transfer scheme - Pradhan Mantri Jan Dhan Yojana - has made India able to see the wealth of the poor.

"So far, India had seen the prosperity of the rich. The Jan Dhan Yojana has been able to make us see the wealth of the poor," Modi said at a financial inclusion meet in Mumbai. "As much as Rs 14,000 crore has been deposited in Jan Dhan accounts," he added.

While launching the NDA government's flagship programme in August last year, Modi had called for the eradication of what he called the "financial untouchability" of the poor by opening at least one bank account for every family in the country in less than six months.

The Jan Dhan Yojana provides for a free zero-balance bank account with a debit card, Rs 1 lakh accidental insurance policy and Rs 30,000 free medical insurance cover for the poor.

In his first full Budget speech, Finance Minister Arun Jaitley had announced that over 12.5 crore bank accounts have been opened under the scheme in the past nine months.