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Today Date : Sunday, April 21, 2024

Prime Minister's Financial Plan protects people

The Prime Minister's People's Finance Program is the cornerstone of economic initiatives aimed at people. Be it Direct Cash Transfer, Corona Funding, Prime Minister's Kisan Scheme, salary hike under Mahatma Gandhi National Rural Employment Guarantee Scheme, life and health insurance; all these schemes' first stage, bank account opening for all eligible is almost complete.

One of the two such accounts launched is the Prime Minister's People's Fund Account. Within ten days of the nationwide shutdown, the incentives were credited to the accounts of over Rs.20 crore women who had accounts under the Prime Minister's People's Finance Scheme.

The People's Finance Program has enabled the poor to invest their savings in formal financial institutions, remittances to their families in villages, and freed them from the clutches of usurers. The scheme has helped the unbanked to open bank accounts.

It has also expanded India's financial infrastructure and provided inclusive financial services to all who qualify.  In the current Corona era, we have seen quick and seamless money transfer through Direct Money Transfer, which has provided financial security to the weaker sections of the society.

The main feature of Direct Remittance is  that every rupee spent by the government reaches the rightful beneficiary and the mistakes seen in the government's procedures have been prevented.Let's appreciate the Prime Minister's People's Finance Scheme!