Page 21 - NIS English 16-31 August 2024.pdf

PMJDY account, in crores 50.99 52.74

46.25
43.04
40.41
36.79
32.54

30.09

24.1

17.9

August, 2015 August, 2016 August, 2017 August, 2018 August, 2019 August, 2020 August, 2021 August, 2022 November, 2023 July, 2024

A testament to changing India Out of
6,01,328

n In the year 1969, the nationalization of banks
was done to bring people into the economic
mainstream, but the objective was not achieved. villages 6,00,458 villages, i.e. almost 100 percent of
Even after 68 years of independence, till 2014, the villages are covered with banking outlets within
68 percent of the country's population was not 5 km mapped as per the Jan Dhan Darshak App.
able to get banking facilities. The rich used to get
loans easily, but the poor had to take loans from
the vision of connecting every adult to the bank.
moneylenders.
n For promoting financial inclusion, the
n In August 2014, the scheme was started with the
government has worked to ensure banking
goal of connecting every family to the bank.
services within 5 km of all villages including
n On August 14, 2018, the scheme was expanded with villages in tribal and remote areas.

but today in 10 years India has become a country independence, the economic policies of license
with an economy of almost 3.5 trillion dollars. In raj were adopted, in which the government itself
the last 10 years, India has taken a long leap from became the controller. Competition was eliminated
the 10th largest economy to the 5th largest. The and private industry and MSMEs were not allowed
first and natural result of any policy- What was the to move forward.
first impact, this is the first goal of the policy. It Its first negative impact was that we started
becomes visible in a short time. But every policy lagging behind other countries. The second
also has a second and third-level impact, which is level impact of those policies was that India's
deep and far-reaching. It takes time to unfold. After consumption rate also remained low compared

New India Samachar August 16-31, 2024 19