Posts tagged "Banking"

Can Government-led Financial Inclusion Work?

Based only on the headline numbers, India’s financial inclusion program seems like a remarkable success. Less than one year after Prime Minister Modi launched the financial inclusion initiative called Jan Dhan Yojana (Hindi for “People Money Scheme”), 158,600,000 bank accounts have been opened. This progress has garnered international headlines, and even set a Guinness World Record for the most new accounts opened in one week (18,096,130 between August 23 and...

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