GS IAS Logo

< Previous | Contents | Next >

o Pradhan Mantri Suraksha Bima Yojana (Accident Insurance)

o Atal Pension Yojana (Unorganized Sector)

o Pradhan Mantri Jeevan Jyoti Yojana (Life Insurance)

o And institutional support for entrepreneurship with the help of MUDRA Bank to provide microfinance to entrepreneurs in rural hinterland of India and

o A national Hub for SC/ST entrepreneurs has been created to support the entrepreneurs belonging to the marginalized communities.

Apart from providing the social security net and institutional credit support to the marginalized sections of the society, the Prime Mantri Jan Dhan Yojana is operational that strives to achieve financial inclusion by ensuring that the economically weaker sections have access to bank accounts. According to Economic Survey 2017-18, utmost priority to social infrastructure like education, health and social protection is being given by the Government to engineer an inclusive and sustainable growth in India.

The biometric-based unique identification system, Aadhaar, now ensures that the poor are no longer invisible and, therefore, more empowered. A bank account for every adult now ensures universal access to financial services. When combined with Aadhaar, such access will accelerate financial inclusion.