Srinagar, Aug. 28 -- The true purpose of financial inclusion lies in its ability to empower individuals and businesses, foster economic growth, reduce poverty and promote social equality. Financial Inclusion is one of the key enablers for at-least 7 of the 17 Sustainable Development Goals (SDGs) for 2030.

The Government backed financial Inclusion drive is very important for a developing country like India due to its extreme diversity, geography and population. It is because of this very reason, one of the very first schemes announced by Hon'ble Prime Minister, Sh. Narendra Modi Ji was the Pradhan Mantri Jan Dhan Yojana (PMJDY) which was launched on August 28, 2014. The scheme aimed to provide universal access to banking services, ensurin...