Blitz India Business
Since 2014, India has introduced interconnected financial inclusion schemes that have built a comprehensive ecosystem covering savings, credit, insurance, and pensions.
Pradhan Mantri Jan Dhan Yojna: The JAM Trinity of Jan Dhan, Aadhaar, and Mobile became India’s welfare delivery backbone. This was the first pillar, opening banking access for crores of excluded citizens. It laid the foundation for direct transfers without leakages, ensuring benefits reached people transparently and securely.
PMJDY accounts became the channel for welfare delivery at an unprecedented scale. In FY 2024-25 alone, Rs 6.9 lakh crore was credited directly under Direct Benefit Transfer (DBT) schemes.
Pradhan Mantri Mudra Yojna: Launched in 2015, the scheme recognised micro enterprises as growth engines and offered collateral-free institutional loans. Since its launch, more than 57.7 crore loans worth Rs 40 lakh crore have been sanctioned. With a new Tarun Plus category in FY 2024-25, the loan ceiling rose to Rs 20 lakh. This category supported entrepreneurs who repaid earlier loans.