The Inclusion Imperative: Making the Indian economy work for everyone
27 January 2020
Since the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) in August, 2014, 'Financial inclusion' have been one of the many important priority objectives of the Government of India. Indian banks have developed numerous financial inclusion policies aiming at catering to the under-served population living at the margins. However, is this enough or there is a need for banks to equally prioritize financial literacy among its people, especially the vulnerable communities, who are at greater risk owing to lack of knowledge and awareness about banks' operations and procedures.