Reeling off impressive figures to substantiate how digital technology facilitated the government's efforts on financial inclusion, Finance Minister Arun Jaitley on Wednesday said 'Digital India' was aimed to "change our lives" and the way India governs itself.
"Our financial inclusion programme is the largest in the world. In less than five months, we have opened 160 million 'Jan Dhan' accounts. The direct benefit transfer scheme has been extended to 130 million people in a few months," Jaitley said here at the launch of Digital India programme by Prime Minister Narendra Modi.
"As many as 110 million new insurance policies were issued in less than five weeks...that's how technology has been used. Through Digital India, we want to change our lives and way of governance," the finance minister said.
"In the next few years, we'll see more of banking, payment banking and the like being done through the internet," he added.
Pointing out that the initiative launched on Wednesday was part of a series of programmes intended to give a "new direction to the country", Jaitley said while last week saw launch of 'Smart Cities Mission', 'Skill India' educational initiative would be unveiled next week.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)