Quick Summary
Day Long MANTHAN Conclave in Aurangabad deliberates on taking forward Financial Inclusion through Technology JAM Trinity catapulted our banking to a different level: Union Finance Minister Nirmala Sitharaman MoS Finance Bhagwat Karad asks Banks to focus on Aspirational Districts yet to attain financial inclusion target The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman has said that the JAM (Jan Dhan - Aadhaar - Mobile) Trinity has been a game changer for India
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FAQ :
The Minister of State for Finance, Bhagwat Karad, has instructed banks to focus on Aspirational Districts that have not yet achieved their financial inclusion targets.
The JAM Trinity refers to Jan Dhan, Aadhaar, and Mobile. Finance Minister Nirmala Sitharaman described it as a game-changer that has advanced financial inclusion by preventing leakage and ensuring government benefits reach the intended beneficiaries.
PM Jan Dhan accounts have enabled the reach of financial services to everyone, including those who were hesitant to join the mainstream, by providing confidence and access to services like RuPay Cards and insurance.
Aadhaar linkage has helped save the country from significant pilferage by enabling direct benefit transfers to genuine beneficiaries and providing instant KYC benefits.
The MANTHAN Conclave in Aurangabad aims to further the government's goal of financial inclusion by utilising technology.
A decision will be taken to make MUDRA Loans more hassle-free and available to individuals looking to start businesses.
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