The Economic Times

Over 58 crore Jan Dhan accounts bring crores of Indians into formal banking system: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman announced over 58 crore Jan Dhan accounts have integrated millions into formal banking. The Pradhan Mantri Jan Dhan Yojana ensures welfare benefits, insurance, and pensions reach citizens directly. This initiative has empowered Indians, with 56% of account holders being women. India leads globally in poverty reduction. Ninety-four percent of adults now possess bank accounts.