The scheme has transforming access to banking and financial services for millions across India
531.4 million beneficiaries, 55% of them women. 67% of beneficiaries in rural and semi-urban areas
Deposits increased 15 times, with average balance rising to Rs 4,476
360 million RuPay cards, 9 million PoS machines. Digital transactions have surged to Rs 16,443 crore
JAM trinity has boosted direct benefit transfers, with poorer states like UP and Bihar benefitting the most
Now it’s time to focus on financial and digital literacy to further strengthen the financial ecosystem