Government Initiatives to Enhance Financial Inclusion in India
The Indian government has implemented various measures to strengthen financial inclusion, resulting in over 55.90 crore Jan Dhan accounts opened since 2014 and nearly 54 crore loans sanctioned under the MUDRA Yojana. Initiatives include collateral-free credit for micro and small enterprises, dedicated schemes for marginalized groups, and leveraging technology for credit assessment. The government aims to ensure equitable access to credit, promoting inclusive growth across various sectors.
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