Author(s): Rama Rao Bonagani

Email(s): ramaraophd@gmail.com , ramarao@cukerala.ac.in

DOI: 10.52711/2321-5828.2022.00025   

Address: Rama Rao Bonagani
Assistant Professor, Department of Public Administration and Policy Studies, #112, Kauveri Block, School of Social Sciences, Central University of Kerala, Tejaswini Hills, Periye (Post), Kasaragod (District), Kerala (State), Pincode - 671320, India.
*Corresponding Author

Published In:   Volume - 13,      Issue - 3,     Year - 2022


ABSTRACT:
The main objective of financial inclusion is to extend financial services to the large hitherto un-served population of India country to unlock its growth potential. The BJP led NDA central government under the Prime Ministership of Mr. Narendra Modi has initiated a large scheme of National Mission for Financial Inclusion (NMFI), namely, Pradhan Mantri Jan Dhan Yojana (PMJDY) in August, 2014 to provide universal banking services for every unbanked household based on the guiding principles of banking the unbanked, securing the unsecured, funding the unfunded and serving un-served and under-served areas. A digital pipeline has been laid for the implementation of PMJDY through linking of Jan-Dhan account with mobile and Aadhaar [Jan Dhan-Aadhaar-Mobile (JAM)]. With a view to further deepening the financial inclusion interventions in the country, PMJDY has been extended beyond 14.8.2018 with the focus on opening of accounts shifting from “every household” to “every unbanked adult”. The moto of financial inclusion is from Jandhan to Jansuraksha. Apart from this, the Modi government had also initiated a very good number of other schemes under its public financial services for the purpose of financial inclusion of financially excluded people in India. The success of these schemes were tremendous.


Cite this article:
Rama Rao Bonagani. Public Financial Services Schemes for the Financial Inclusion of People under the BJP led NDA Central Government in India. Research Journal of Humanities and Social Sciences. 2022;13(3):147-8. doi: 10.52711/2321-5828.2022.00025

Cite(Electronic):
Rama Rao Bonagani. Public Financial Services Schemes for the Financial Inclusion of People under the BJP led NDA Central Government in India. Research Journal of Humanities and Social Sciences. 2022;13(3):147-8. doi: 10.52711/2321-5828.2022.00025   Available on: https://www.rjhssonline.com/AbstractView.aspx?PID=2022-13-3-5


REFERENCES:
1.    https://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/MFI101213FS.pdf,p.2,accessed on May 20,2022
2.    Rajesh Kothari.(2010): Financial Services in India: Concepts and Application, New Delhi: Sage Publications India Pvt Ltd.
3.    https://www.worldbank.org/en/topic/financialinclusion, accessed on March 18, 2022
4.    https://www.worldbank.org/en/topic/financialinclusion/overview#1,accessed on March 18, 2022
5.    https://link.springer.com/book/10.1007/978-981-16-2652-4, accessed on March 27,2022
6.    https://financialservices.gov.in/about-us/about-the-department,accessed on March 15,2022.
7.    https://financialservices.gov.in/sites/default/files/Website%20January%202022_compressed.pdf, accessed on March 15, 2022.
8.    Government of India, Annual Report(2020-2021), Retrieved from https://financialservices.gov.in/sites/default/files/DFS%20Annual%20Report%202020-21.pdf, accessed on March 18, 2022.
9.    Niti Bhasin. (2014): Indian Financial System: Evolution and Present Structure, New Delhi: New Century Publications.
10.    K.G.Karmakar,G.D.Banerjee and N.P. Mohapatra.(2011): Towards Financial Inclusion in India, New Delhi: Sage Publications India Pvt Ltd.
11.    https://financialservices.gov.in/financial-inclusion,accessed on March18, 2022
12.    https://financialservices.gov.in/financial-inclusion-schemes,accessed on March 16, 2022
13.    https://financialservices.gov.in/new-initiatives/schemes,accessed on March 15, 2022
14.    https://financialservices.gov.in/sites/default/files/Financial%20Inclusion_annual%20report_material31.3.2021.pdf, accessed on March 18, 2022.
15.    https://financialservices.gov.in/new-initiatives/schemes,accessed on March 15, 2022.
16.    https://financialservices.gov.in/sites/default/files/Stand%20Up%20India%20and%20MUDRA%20%281%29.pdf,accessed on March 18,2022.
17.    https://financialservices.gov.in/financial-inclusion-schemes,accessed on March 16, 2022

Recomonded Articles:

Author(s): Devanshu Bhadauria

DOI:         Access: Open Access Read More

Author(s): Apoorva Neral

DOI:         Access: Open Access Read More

Author(s): Vikas Dangi

DOI: 10.5958/2321-5828.2017.00032.8         Access: Open Access Read More

Author(s): R.P. Saharia

DOI:         Access: Open Access Read More

Author(s): Meenakshi

DOI:         Access: Open Access Read More

Author(s): Adeel Hussain Alie, Javed Iqbal, Sarfraz Ahmed, Ajaz Ahmad Bhat

DOI: 10.5958/2321-5828.2019.00005.6         Access: Open Access Read More

Author(s): Mohammed Tahir Raoof Malik, Dil Pazir

DOI: 0.5958/2321-5828.2019.00044.5         Access: Open Access Read More

Author(s): S. Shubhang

DOI:         Access: Open Access Read More

Author(s): Muhammad Riyazul Ameen Memon

DOI:         Access: Open Access Read More

Author(s): Mehraj Ud Din Sheikh, Qamar Jahan

DOI:         Access: Open Access Read More

Author(s): Gopal Krishan

DOI:         Access: Open Access Read More

Author(s): Gopal Krishan

DOI: 10.5958/2321-5828.2019.00130.X         Access: Open Access Read More

Author(s): Sukharanjan Debnath, Prallad Debnath

DOI: 10.5958/2321-5828.2018.00120.1         Access: Open Access Read More

Author(s): Manjushree Mishra, Ajeya Jha

DOI:         Access: Open Access Read More

Author(s): Jitendra Kumar Premi

DOI:         Access: Open Access Read More

Research Journal of Humanities and Social Sciences (RJHSS) is an international, peer-reviewed journal, correspondence in the fields of arts, commerce and social sciences....... Read more >>>

RNI: Not Available                     
DOI: 10.5958/2321-5828 


Recent Articles




Tags