Synopsis: The United Nations has praised India’s financial inclusion efforts, highlighting that over 290 million women now have access to banking services. UN Women has described India’s digital identification and banking access initiatives, particularly the Pradhan Mantri Jan Dhan Yojana, as a global model for empowering women financially.
UN Praises India’s Banking Programme for Empowering Women
The United Nations has commended India’s financial inclusion initiatives, noting that the country’s banking programme has successfully brought banking services to more than 290 million women. The initiative has been recognised globally as an effective pathway for empowering women and girls through financial access.
Digital Identification Recognised as a Global Model
Sandra Hendriks, Director of Policy at UN Women, stated that India’s approach to providing digital identification to women and girls across the country has become a strong global example. According to her, the programme demonstrates how digital identity can enable millions of people to access essential financial services.
Easier Bank Account Opening Improved Financial Inclusion
Hendriks also highlighted that simplifying the requirements for women to open digital bank accounts has significantly improved financial inclusion. By reducing barriers and promoting digital banking access, India has enabled millions of women to participate in the formal financial system.
Jan Dhan Yojana Strengthening Women’s Participation
The Pradhan Mantri Jan Dhan Yojana (PMJDY), which is now in its twelfth year, has played a major role in expanding banking access in the country. Under the programme, women currently hold about 56 percent of the total bank accounts opened.
The initiative has helped millions of women gain access to savings accounts, government benefit transfers, and digital financial services, strengthening economic participation and financial independence.
📌 Key Takeaway
India’s financial inclusion initiatives, particularly the Pradhan Mantri Jan Dhan Yojana, have brought banking services to over 290 million women. The United Nations has recognised the programme as a global model for empowering women through digital identity and easier access to financial services.