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Women Bank Mitras Drive Rural Wealth Creation Why in the News ? With over 57 crore Jan Dhan accounts, including 32 crore held by women, attention has shifted from financial access to economic empowerment. Initiatives like Business Correspondent Sakhi and proposed SHE Marts aim to convert rural women into active wealth creators. From Financial Inclusion …
Read MorePMJDY Crosses 560 Million Accounts in 11 Years Why in the News ? The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, has completed 11 years, achieving over 560 million bank accounts with deposits exceeding ₹2.68 lakh crore. It is the world’s largest financial inclusion scheme, empowering rural poor, women, and underserved communities through …
Read MoreWhy in the News? The Finance Ministry calls upon private sector banks to increase lending through schemes like PM SVANidhi and PM Vishwakarma, targeting job creation for artisans and street vendors. Secretary Vivek Joshi leads a review meeting with bank executives to assess the progress of these inclusive initiatives. Source: Samhita About Financial Inclusion Schemes: …
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