Page 15 - NIS English 16-31 Aug, 2026
P. 15
Years
Jan Dhan Yojana
Cover
Story
When the last mile is
financially connected, the
5 entire nation moves forward
‘Banking Mitras’ and the expansion together. That is exactly what
of the banking network took the PM Jan Dhan Yojana
banking services to the last mile,
ensuring access to banking in rural achieved. It enhanced dignity
and remote areas. and gave people the power to
script their destiny.
13.55 Narendra Modi, Prime Minister
lakh Banking Mitras (Business
Correspondents) are providing
branchless banking services. not only ensured universal access to banking but
45.68 has also established the foundation for inclusive
growth. Its first impact is that nearly every family
crore Accounts opened in rural and citizen in the country has become part of the
banking system. It is not merely a bank account; it
and semi-urban areas account for has evolved into a well-structured safety cover.
approximately 78% of the total. The second impact is that the powerful ‘JAM
Trinity’ (Jan Dhan-Aadhaar-Mobile) ensured that
benefits from government schemes reach benefi-
ciaries’ bank accounts directly. This curbed corrup-
6 tion and leakage. The role of middlemen was elimi-
A culture of saving and
financial discipline has nated, and the benefits of socio-economic schemes
began reaching the last person in the queue
been fostered. directly. It formalized the economy and brought
₹3.10 lakh cash transactions into the banking system. Today,
thanks to the Jan Dhan Yojana, the direct
crore
transfer of scheme benefits
Deposited in Jan Dhan accounts, into bank accounts—along
despite there being no mandatory with provisions for per-
manent housing, free gas
minimum balance requirement. cylinders under Ujjwala,
collateral-free loans under
the Mudra Yojana, the PM
SVAMITVA scheme,
and other social
welfare ini-
tiatives—has
boosted the
