India moves closer towards achieving its goal of financial inclusion

Three years ago, India made a commitment to expanding financial access to its poorest people through the Pradhan Mantri Jan Dhan Yojana (PMJDY) — the world’s largest financial inclusion scheme. The PMJDY has been tremendously successful in reaching those who have lived on the fringes of the formal economy for decades. The number of such bank accounts in India more than doubled, from just over 12 crore in January 2015 to 30 crore in August 2017.

Posted in Quick News on September, 2017