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The Ministry of Finance, has launched various schemes in the past seven years, which have special provisions for empowerment of women. On the occasion of International Women's Day, the Ministry of Finance has shared a statistical insight of the women beneficiaries of the schemes.
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Providing universal access to the banking facilities starting with basic saving bank account to an overdraft upto Rs 5000, the total deposits in bank accounts opened under the Pradhan Mantri Jan Dhan scheme are set to cross Rs 1 lakh crore.
Hailing the government decision of boosting the users to the formal financial system, the Reserve Bank of India on Wednesday opened up the report on trends and progress of banking in India for year 2017-18, powered by the drive to mobilise account ownership among unbanked adults through the Pradhan Mantri Jan Dhan Yojana (PMJDY).
While addressing at Conclave on Financial Inclusion by United Nations in New Delhi, Finance Minister Arun Jaitley mentioned how Pradhan Mantri Jan Dhan Yojana has played a significant role in India’s financial inclusion sector. The scheme was not merely a half-hearted one with improper implementation but with a prominent goal. He also mentioned demonetization, the volume of cash has been reduced and tax base witnessed an increase.
