September 1, 2017
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Financial inclusion via digital banking and targeted schemes expands formal access to credit, insurance and welfare transfers.
The document treats Financial Inclusion as a multi dimensional policy objective implemented through universal account opening under Jan Dhan, insurance and pension schemes for account holders, pension guarantees, targeted credit programmes such as Mudra and Stand Up India, and enabling infrastructure including RuPay cards, ATMs, micro ATMs, financial literacy centres, and the JAM (Jan Dhan-Aadhaar-Mobile) linkage to facilitate direct benefit transfers and reduce welfare leakage.