Anurag Jain, who has been instrumental in making PMJDY Yojana operational prefers himself to be termed as Mission Director for the scheme. According to Mr. Anurag Jain, Financial Inclusion goes with inclusive growth strategy and is a part of extensive policy document and has been in force for about two decades since the nationalization of banks. The contribution of PMJDY yojana will be of tune of .79% in country’s GDP.
The immediate advantage of Financial Inclusion in India is enabling the farmers in rural India and vegetable vendors, rickshaw pullers to get freedom from the clutches of money lenders and in cities folks like vegetable vendors and rickshaw pullers that pay heavy daily interest on the capital borrowed by them from the money lenders.
