UNBANKED & THE PMJDY

Abstract

Financial inclusion has the potential to improve lives and transform entire economies. Digital finance can convert this potential into reality, but several ingredients need to be in place. Safer digital cash-transfer systems are being constructed, offering social protection programs, which now deliver resources directly to those in need. Payment systems are being modernized, removing regulatory roadblocks—so that people and businesses have the financing they need to innovate and create jobs.