Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: “Our nation has achieved 80pc financial inclusion”: Amit Shah cites World Bank report
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > “Our nation has achieved 80pc financial inclusion”: Amit Shah cites World Bank report
Breaking

“Our nation has achieved 80pc financial inclusion”: Amit Shah cites World Bank report

RK Online Desk
Last updated: September 8, 2023 6:22 pm
RK Online Desk
Published: September 8, 2023
Share
4 Min Read
SHARE

Union Home Minister Amit Shah on Friday, citing the World Bank report on India’s digital public infrastructure push, said that the nation has achieved 80 pc financial inclusion under the leadership of Prime Minister Narendra Modi. 

Taking to ‘X’ (formerly Twitter), Shah said, “The World Bank takes note that, under the leadership of PM @narendramodi Ji, our nation has achieved 80% financial inclusion in just 6 years, instead of the 47 years it might have taken in the normal course. The G20 report of the bank acknowledges that the robust Jandhan, Aadhar and Mobile Trinity infrastructure built by Modi Ji has empowered millions”. 

“The report also highlights that our country has saved $33 billion through the DBT system. Every rupee saved by our nation is a step toward our goal of becoming a fully developed nation during the Amrit Kaal”, Shah added. 

World Bank has said India’s Digital Public Infrastructure has had a transformative impact, extending far beyond just financial inclusion.

The international financial institution in a document applauded India, stating what the country has achieved in just six years would have otherwise taken about five decades.

The World Bank document prepared ahead of the big G20 Summit in New Delhi highlighted the key measures taken by the Modi government and the pivotal role of government policy and regulation in shaping the Digital Public Infrastructure (DPI) landscape.

World Bank said JAM (Jan Dhan, Aadhar, Mobile) trinity – a combination of bank accounts for all, Aadhaar, and mobile connectivity — has propelled financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults in past six years, a journey which according to it shortened by up to 47 years — thanks to DPIs.

“While DPIs’ role in this leapfrogging is undoubtable, other ecosystem variables and policies that build on the availability of DPIs were critical. These included interventions to create a more enabling legal and regulatory framework, national policies to expand account ownership, and leveraging Aadhaar for identity verification,” the World Bank document noted.

Since its launch in 2014, the first year under Narendra Modi’s prime ministership, the number of PM Jan Dhan Yojana accounts tripled from 147.2 million in March 2015 to 462 million by June 2022; women own 56 percent of these accounts, more than 260 million.

The Pradhan Mantri Jan Dhan Yojana (PMJDY) – the national mission for financial inclusion and banking the unbanked – completed nine years of implementation. The initiative was announced by Prime Minister Narendra Modi in his maiden Independence Day address from Red Fort in 2014. Later he launched the programme on August 28, 2014.

PMJDY has brought the unbanked into the banking system, expanded the financial architecture of India and brought financial inclusion to almost every adult.

Further, the World Bank also noted how India leveraged technology to directly transfer benefits to the citizens, besides using UPI for retail payments.

“The DPI in India has also enhanced efficiency for private organizations through reductions in the complexity, the cost and the time taken for business operations in India,” it said. (ANI)

Piyush Goyal visits Tesla’s California facility, says US electric car maker to double Indian component imports
Teenage boy killed in Ganderbal road accident
Iran’s aviation authority cancels all flights until further notice
M Ashraf Ganie assumes charge as Director SKIMS, Soura
Total solar eclipse seen across Mexico, Canada, US; NASA shares breathtaking pictures

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Two drug peddlers arrested in Baramulla
Next Article “New Delhi G20 Summit will chart new path in human-centric and inclusive development”: PM Modi
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Foreign Secretary Vikram Misri, Dy NSA Pavan Kapoor meet US Under Secretary of Defence Elbridge Colby
Breaking National
May 30, 2025
Security stepped up in Poonch ahead of Union Home Minister Amit Shah’s visit
Breaking Jammu and Kashmir News
May 30, 2025
“Excellent discussions”: All-Party delegation wraps up Saudi visit with focus on terrorism and strategic ties
Breaking National
May 30, 2025
Counter Intelligence wing of J-K Police conduct raids across Kashmir valley in terror link case
Breaking Kashmir
May 30, 2025

Recent Posts

  • Foreign Secretary Vikram Misri, Dy NSA Pavan Kapoor meet US Under Secretary of Defence Elbridge Colby
  • Security stepped up in Poonch ahead of Union Home Minister Amit Shah’s visit
  • “Excellent discussions”: All-Party delegation wraps up Saudi visit with focus on terrorism and strategic ties
  • Counter Intelligence wing of J-K Police conduct raids across Kashmir valley in terror link case
  • India’s Purple Revolution to take centre stage at Bhaderwah festival

Recent Comments

  1. BASHIR AHMAD BHAT on Poor hotel accommodation, lack of medical facilities irk Kashmiri pilgrims in Saudi Arabia, video goes viral
  2. sree vishnu movies on Pahalgam attack shatters Kashmir’s film tourism revival
  3. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  4. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  5. dr gora on Women Veterinarians and the Goal of Viksit Bharat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?