Prime Minister Narendra Modi delivered a stirring address in Mumbai, Maharashtra, underscoring the profound impact of the Jan Dhan Yojana on India’s socio-economic landscape. Speaking at a public event, Modi reflected on the transformative journey of the financial inclusion initiative since its inception in 2014, highlighting its role in empowering millions and bolstering the nation’s digital infrastructure.
Emphasizing the historical context, Modi recalled that prior to 2014, a staggering 40-50 crore Indians were excluded from formal banking services. “Access to basic financial services is not just an economic issue but a matter of dignity,” he remarked, underscoring the Jan Dhan Yojana’s mission to provide every citizen with a bank account and access to financial tools.
The Prime Minister lauded the initiative’s success in integrating nearly 50 crore individuals into the banking system, describing it as a “silent revolution” that transcended bureaucratic norms and bureaucratic inertia. He highlighted its pivotal role in facilitating transparent delivery of government benefits, reducing leakages, and empowering marginalized communities.
Modi credited the Jan Dhan Yojana as a catalyst for the broader Digital India campaign, noting its contribution to expanding digital payments and enhancing financial literacy across the country. “Today, India’s poor have become stakeholders in the country’s economic progress,” he declared, citing numerous success stories of individuals who transformed their lives through access to banking services.
The Mumbai audience, comprising officials, stakeholders, and beneficiaries of the Jan Dhan Yojana, responded enthusiastically to Modi’s address. Many shared personal anecdotes of newfound financial security and opportunities unlocked by their access to banking services.
Looking forward, Modi outlined his government’s commitment to building on the Jan Dhan Yojana’s success by further leveraging technology to deepen financial inclusion and empower every Indian. He urged continued collaboration among stakeholders to ensure that the benefits of economic progress reach every corner of the nation.
In conclusion, Modi reiterated his belief in the transformative power of inclusive policies, stressing that financial inclusion is not merely about opening bank accounts but about empowering individuals to lead dignified lives and contribute meaningfully to India’s growth story. The Jan Dhan Yojana, he affirmed, symbolizes India’s resolve to build a prosperous and equitable society where every citizen has the opportunity to prosper.
