Topic: Inclusive growth and issues arising from it Q5. Assess the role of Pradhan Mantri Jan Dhan Yojana (PMJDY) in transforming India’s subsidy delivery architecture. How has it helped curb leakages? (10 M) Difficulty Level: Medium Reference: IE Why the question Because PMJDY has become the backbone of India’s DBT-led subsidy system, transforming governance by …
Syllabus: Welfare Schemes Source: IE Context: PMJDY completes 11 years on August 28, 2025, emerging as the world’s largest financial inclusion programme. Nearly 100% households and over 90% adults in India now have a bank account. About Pradhan Mantri Jan Dhan Yojana What is PMJDY? Launched in 2014, PMJDY was designed to provide universal access …
Continue reading “Pradhan Mantri Jan Dhan Yojana: Eleven Years of Financial Inclusion”
GS Paper 3 Syllabus: Economy – Inclusive growth and associated issues/challenges Source: Business Standard Context: According to the latest Findex Report – 2021 by the World Bank, around one-third of adults still lack access to formal financial services. About financial inclusion: Financial inclusion means that individuals and businesses have access to useful and affordable …
