On August 28, India celebrated 10 years of Prime Minister Narendra Modi's flagship program, Pradhan Mantri Jan Dhan Yojana (PMJDY) which was launched a decade ago with an aim to bring the marginalised and the economically backward under the banking fold. Since the launch of this much publicised scheme back in 2014, it has proved to be a major success for the Modi government with data suggesting that it has hugely benefitted women.
GENDER EQUALITY
According to the statistics, out of the total 53.13 crore Jan Dhan accounts, over 30 crore are women's accounts which means that nearly 80% of this are women beneficiaries, highlightinggender equality in financial access. As of Aug 14, 2024, there were over 53.1 crore beneficiaries with total deposits of over Rs 2.3 lakh crore.
BRIDGING THE RURAL-URBAN DIVIDE
Over 65% of the accounts are either in rural or semiurban areas, manifesting that the government's aim to diminish this divide has proven a master stroke. This program has played a significant role in empowering downtrodden communities and reducing the gender gap in financial services.
TOTAL DEPOSITS
Denne historien er fra September 01, 2024-utgaven av The Sunday Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 01, 2024-utgaven av The Sunday Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
TRANSFORMING WASTE INTO RESOURCES: COCA-COLA'S MAIDAAN SAAF CAMPAIGN
Coca-Cola has taken the initiative to spearhead sustainability initiatives at Maha Kumbh 2025.
JSW MG Motor India Partners With Kotak Mahindra Prime
JSW MG Motor India today announced its partnership with KMPL to offer a finance solution for its innovative Battery-As-AService (BaaS) ownership program to EV customers.
USIBC URGES NEW U.S. GOVT TO PRIORITISE TRADE AGREEMENTS WITH INDIA
The US-India Business Council (USIBC) has urged the incoming Trump administration in US to prioritise reciprocal trade agreements with India, particularly in defence, digital services and pharmaceuticals among others.
FIU-IND and NHB sign MoU for enhanced coordination
The Financial Intelligence Unit (FIU-IND) and the National Housing Bank (NHB) on Saturday signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed thereunder in New Delhi.
A time for purification
The Maha Kumba Mela is probably the world's greatest event.
SEBI extends timeline for ESG rating review post BRSR publication
To promote ease of doing business, markets regulator Sebi on Friday provided relaxation in the timeline for review of ESG rating following the publication of Business Responsibility and Sustainability Reporting (BRSR).
How to identify Ponzi schemes
Imagine a world where your money works for you, effortlessly multiplying while you sleep. You hear whispers of investment opportunities that promise sky-high returns—50%, 100%, or even more— all with minimal risk.
Brokerages gave thumbs up to RIL 3Q FY25 results
Reliance Industries Ltd.(RIL) delivered a robust performance in the third quarter of FY25, with analysts across major financial institutions highlighting better-than-expected strong recovery in its Retail and Oil-to-Chemicals (02C) businesses.
An archaic foundation of the Kumbh Mela
In essence, the templating for the Tanunaptra comprises a particular event wherein the Gods came together to convocate and to share, Each drawing from T 'most valued' 'strengths' or 'capacities' to make Their 'best contribution', with all of these being 'pooled together' ('Mela', we might suggest) to produce a sing potency far grander than could be conceived of through unlinked individual expressings.
Cosmography of the Kumbh Mela
The word 'kumbh', vase or recipient that holds the nectar of immortality, has survived in other Indo-European languages such as French, where a 'combe' is a high valley in which flows a river.
