Context:
India has over half a billion Jan Dhan accounts, in less than a decade under its Pradhan Mantri Jan Dhan Yojana.
More on News: As a mechanism, however, Pradhan Mantri Jan Dhan Yojana most heroic role may be yet to come. As it could enable us to envision a social safety net in the form of a universal basic income (UBI). In 2020, Jan Dhan’s reach proved useful during the pandemic caused by Covid-19. During the pandemic, monthly aid of ₹500 for three months was announced for each of the 200 million odd Jan Dhan accounts […]
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