International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 1, Issue 2 (2016)

Financial inclusion through good governance in India: A case of Pradhan Mantri Jan Dhan Yojana


Mr. Nikhil Yadav, Dr. Ravindra Tripathi, Dr. Rajesh Kumar Shastri

Pradhan Mantri Jan Dhan Yojana (PMJDY) is one of the key steps towards financial inclusion. This scheme would be helpful to build uniform socio-economic development in Indian economy because there are so many government welfare policies are running through state and Central governments with different goals or aim. For Proper channelization of financial benefit to ultimate beneficiaries financial inclusion is one of important aspect to execute these policies in effective manner. In this research paper, I would like explore how this government policy will be helpful for good governance because Good governance is about the processes for making and implementing decisions. It is not about making ‘correct’ decisions, but about the best possible process for making those decisions. In process of implementation welfare polices Financial included household could be easily include with welfare policy Direct benefit transfer (DBT) of LPG is one the example to remove mediators and transfer the benefit to ultimate beneficiaries. In addition, I would like to suggest that corrective action by which can bring in future for more Good governance and dynamic improvement in economy.
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