New Delhi : The Ministry of Finance, which determines the financial situation of the nation, will step into the parade to be displayed on the Rajpath of Delhi on the event of Republic Day on 26 January this 12 months. This time there may even be a tableau of the Ministry of Finance within the Republic Day Parade. Through this tableau, the ministry will exhibit the success of economic inclusion campaigns. The Ministry of Defense has chosen this design of the Department of Financial Services (DFS) of the Ministry of Finance.
According to the Ministry of Defense launch, the Republic Day parade, moreover the Department of Financial Services, Department of Promotion and Internal Trade, Department of Drinking Water and Sanitation, National Disaster Response Force (NDRF), Central Public Works Department (Ministry of Housing and Urban Affairs) and Ministry of Shipping may even take part. <! –
To guarantee folks's entry to monetary providers, fast monetary inclusion applications have been began since August 2014. This consists of providers like opening financial institution / financial savings accounts, loans, insurance coverage and pension. A complete of 37.87 crore accounts have been opened below the Pradhan Mantri Jan Dhan Yojana, of which 1.12 lakh crore have been deposited.
In the Global Findex Report 2017, World Bank mentioned that in 2014, 53% of adults in India had financial institution accounts, which elevated to 80% in 2017. In 2011, solely 35 % of adults had a checking account. Apart from this, the federal government launched the insurance coverage scheme to insure those that had been exempted from insurance coverage cowl. Under this, the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana had been began in 2015.