Economy · 32 days ago
RTI reveals Jan Dhan accounts face major inactivity
🇮🇳 INDIA — A recent RTI report highlights that one in every four Jan Dhan accounts in India is now inoperative, totaling 5.72 crore accounts with zero balance. This alarming statistic raises concerns about financial inclusion efforts and the effectiveness of government initiatives aimed at empowering low-income populations.
First reported by hindustantimes.com · developing for 32 days · hindustantimes.com
Why it matters
The high inactivity rate undermines governmental aims for financial empowerment.
Context
Jan Dhan Yojana was introduced to promote financial inclusion in India.