A Study on Financial Inclusion in India
Keywords:
Financial Inclusion, Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Yojana (PMJJY), Pradhan Mantri Suraksha Bima Yojana (PMSBY)Abstract
India’s problem of financial exclusion stands as a major barrier between us and development. It’s been a major agenda of the government since the 2000’s. Post 2014, the period has been far more successful for implementing and yielding results for financial inclusion than the earlier period. The Pradhan Mantri Jan Dhan Yojana is a major game changer, whose results were further consolidated by the integration of other programs such as the PMJJBY and PMSBY, and majority the relief by ease of formalities. There still exist gaps where the results could further shine.
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