India now has over half a billion Jan Dhan accounts, a truly staggering count of basic banking relationships created by the government in less than a decade under its Pradhan Mantri Jan Dhan Yojana. As finance minister Nirmala Sitharaman said this week, over 55.5% of these bank accounts are held by women. The scheme, she added, stood out as a "pivotal initiative" for financial inclusion. With digital identities proven by Aadhaar as its base, it has served as a channel for the direct transfer of cash benefits to various beneficiaries. By making formal credit accessible, it has also helped many of our most needy escape the clutches of moneylenders.
Denne historien er fra August 30, 2023-utgaven av Mint Mumbai.
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Denne historien er fra August 30, 2023-utgaven av Mint Mumbai.
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