Recently, Prime Minister Narendra Modi has launched Jan Samarth, a credit-linked portal linked to 13 government schemes to ensure easy availability of credit to youth, farmers, and entrepreneurs. Speaking on the occasion, he said that this portal will play an important role in making the life of the common man easier while making it easier for the youth to open and run any company and enterprise of their choice.
It is noteworthy that after Kovid-19, Kalyankari economists are telling the effective need for financial inclusion for the eradication of poverty and welfare of the poor in the challenging era of global recession all over the world. In this context, India's rapid progress towards financial inclusion in recent years has been appreciated by various economic and financial organizations of the world.
It is being said that by involving crores of poor, backward, and low-income people in the formal medium of the economy and ensuring easy availability of financial and banking services transparently through a digital medium, subsidy, financial Many multifaceted facilities including service, ration, administrative and health services are being reached without intermediaries.
It is also being highlighted across the world that the Gross Loan Portfolio (GLP) of the microfinance sector is growing rapidly in India to make their lives easier and financially empowered by providing simple loans of small amounts to the common man and small businessmen. . According to new data from Microfinance Institutions Network (MFIN) published on June 16, GLP grew by 10 percent to Rs 2,85,441 crore as on March 31, 2022, from Rs 2,59,377 crore as of March 31, 2021.
The special thing is that a large number of people are benefiting from the microfinance industry. Under this, loan accounts increased to 11.31 crores in March 2022 from 10.83 crores in March 2021. There is no doubt that Jan Dhan Yojana (PMJDY) has brought revolutionary changes in the field of financial inclusion in the country. How the common man of the country is benefiting from the various financial inclusion schemes implemented in the country can be gauged from the Financial Inclusion Research Report in India, 2021 published by State Bank of India (SBI) Ecowrap.
According to this report, India is now ahead of Germany, China, and South Africa in terms of financial inclusion. The report also said that Jan Dhan Yojana has changed the picture of banking in rural areas. In the states where the number of Pradhan Mantri Jan Dhan Yojana accounts is high, there has been a decline in crime. It is also observed that there has been a significant and significant decline in the consumption of narcotics such as alcohol and tobacco products in the states with higher bank accounts.
Undoubtedly, most of the poor and weaker sections of the country are seen moving forward to take advantage of financial inclusion. But there are also many obstacles and challenges on the road to financial inclusion. A large number of Jan Dhan accounts are still lying dormant. The digital infrastructure in the country is weak. The necessities of digital transactions - computers and the Internet - are out of reach for a large number of people.
A large number of people are unfamiliar with digital payment technologies for financial transactions. Small villages do not have adequate access to electricity. Also, the country is still far behind in terms of mobile broadband speed. It can be expected that due to the effective implementation of 13 different schemes of nine ministries included under the portal Jan Samarth, as well as various financial inclusive development schemes implemented in the country, financial relief, convenience and security will be provided to crores of poor and weaker sections of the country. Can get With this, a new chapter of economic-social welfare and economic development can start in the country.
Also Read: Cryptocurrency: The crypto market is back again, bitcoin crosses $ 20000, ethereum climbs 12 percent
Apple iPhone 17: Sales of the iPhone 17 began in India today, with long lines outside Apple stores from Delhi to Mumbai.
Tech giant Apple began selling the iPhone 17 series today, September 19th. As always, the craze for the new iPhone is palpable. Long queues of fans are seen outside Apple stores from Delhi to Mumbai.
G20: President Joe Biden leaves for India to attend the G20 summit, and may meet PM Modi today
US President Joe Biden left for India on Thursday (September 8) to attend the historic G20 summit in New Delhi. In a statement, the White House has said that Biden will follow the Corona guidelines
AUS vs PAK: Pat Cummins gave a funny answer to Hafeez's statement 'Pakistan played better than Australia', said a big thing
Australia defeated Pakistan in the second Test and took a 2-0 lead in the three-match Test series. Australian fast bowlers wreaked havoc in the second test. Pakistani batsmen had no success in front
Energy Inflation: The world will have to face inflation due to increasing energy hunger in China
Rising demand for oil and natural gas in China has raised fears of further rising energy prices in the world market. Economic activities are picking up in China after the end of the Zero Covid policy.
Thousands of children being forced into a military career: allegations against many public schools in America, children, and parents are protesting
Thousands of children studying in America's schools are being pushed towards military careers without their consent. A report in The New York Times has revealed this. It has been told in the report
Wayanad Landslide: 13-year-old Harini Sri raised funds for Wayanad, and performed Bharatnatyam for 3 hours continuously; CM Vijayan met her
Heavy rains and landslides have caused devastation all around in Wayanad. So far, more than 300 people have died due to the landslide in Wayanad and rescue operations are still going on.
14-year-old Vaibhav Suryavanshi creates a sensation... smashing a fifty in just 15 balls and shattering Rishabh Pant's major record.
Young sensation Vaibhav Suryavanshi created a storm in the second Youth ODI match against South Africa Under-19, shattering records in the process.
CM Mamta Banerjee's first statement after the arrest of Partha Chatterjee, 'If you are guilty then they must be punished but...'
Mamata Banerjee On Partha Chatterjee: West Bengal Chief Minister Mamata Banerjee has reacted for the first time to the arrest of Minister Partha Chatterjee. She said that I do not support corruption
Devara: Junior NTR had the idea of casting Saif as a villain in Devara, which will be released on September 27
There is always some medium to reach a character. Junior NTR became that medium for actor Saif Ali Khan. Saif Ali Khan is playing the role of villain Bhaira in the film Devara. This is Saif's first
World Bank: Improvement in India's GDP growth rate forecast for 2022-23, but a big decline compared to the previous financial year
A major decline in gross domestic product (GDP) growth is expected in FY 2022-23 as compared to the previous year amid a deteriorating external environment. According to the estimates of the World
