Financial Survey 2021: Improve in wealth, folks’s financial savings elevated

new Delhi: The Financial Survey has been introduced in Parliament earlier than the Normal Finances. In line with this survey, it has been predicted that India’s financial development charge will attain 11 % within the subsequent monetary yr and after the financial downturn because of the epidemic, ‘We Form’ will see enchancment. On the similar time, it has been mentioned within the Financial Survey that there was a rise within the financial savings made by folks in Jan Dhan accounts.

In his deal with on the opening day of the price range session, President Ram Nath Kovind mentioned that the trinity of Jan Dhan accounts, Aadhaar and Cell (JAM) has helped in defending the rights of the folks and saved 1.eight lakh crore rupees from going into the unsuitable arms.

Financial savings elevated

On the similar time, it was additionally revealed within the Financial Survey that regardless of the Corona epidemic, financial savings in folks’s cash accounts have elevated. In line with the survey, there was a median enhance of Rs 400-500 in financial savings in Jan Dhan accounts. Throughout the lockdown, an quantity of Rs 500 was despatched to the financial institution accounts of girls beneficiaries below the PM Jan Dhan Yojana for 3 months. For this, a complete quantity of 20.64 crores was spent.

It has additionally been instructed within the Financial Survey that throughout the lockdown, folks received plenty of reduction from the direct switch of funds to the Jan Dhan accounts. On the similar time, greater than 41 crore Jan Dhan accounts have been opened in order that the poor can get the good thing about the banking system. Greater than half of those accounts are from our sisters and daughters from poor households.

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