Objectives: Focusing on the current implementation status of the selected social
security schemes, namely Atal Pension Yojana (APY), Pradhan Mantri Mudra Yojana
(PMMY), and Pradhan Mantri Jan Dhan Yojana (PMJDY), this study aims to assess
their impact in promoting financial inclusion among the rural population in
India.
Methodology:
The analysis and evaluation are based on secondary data compiled from the
official websites of Department of Financial Services (Government of India),
using simple statistical tools such as tabulation, percentage analysis, graphs,
and compounded annual growth rates (CAGR).
Analysis Outcomes:
These schemes significantly provide social & financial security to the
socially & financially unsecured citizens, economic funding & support
to the unfunded small & micro business owners, and banking facilities to
the unbanked citizens. However, the study pointed out the several barriers in
the effective implementation of these social security schemes that needs to be
addressed.
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