wings to poor

Source: The Hitavada      Date: 30 Aug 2017 11:43:27

PRIME Mr. Narendra Modi has reason to be happy that his cherished ‘Jan Dhan Yojna,’ an inclusive welfare scheme for the deprived sections of the society, has swelled into a mass movement of the people.

That the Jan Dhan Yojna has scaled to 30 crore bank accounts with deposits soaring to Rs. 65,000 crore ever since its launching three years ago, shows the faith the poor and needy have placed in the Prime Minister’s word. It also shows how desperately these sections of the society needed their assimilation in the banking system to meet their immediate needs. 

It is a pity that such a large section of the population did not have access to the banking system. This was possibly because these sections did not know that they could also be part of this system and secondly the banking sector too did not feel enthused to include them in the process of financial empowerment.

The Prime Minister’s ‘Jan Dhan Yojna’ has, in a way, broken that log-jam and has opened the doors of the banking system for the poor, whose needs for finance are very modest and which the financial institutions can easily meet. Besides, in banks the poor would find a safe place to keep their hard-earned money.


Ever since assuming Prime Ministership, Mr. Modi has been laying stress on inclusive growth, which envisaged inclusion of every section of the society in the national endeavour of economic development so that the benefits of economic growth percolated to the last man in the social and economic ladder.

As part of this philosophy behind the planning, the Government has undertaken several welfare schemes, continuing the ones launched by the previous Government, if they were found to be making a positive impact on poverty alleviation, or launching new ones, like the Jan Dhan Yojna, MUDRA and Stand Up India.


Even in their initiation stage these schemes have begun to catch the imagination of the needy people. The huge response to the Jan Dhan Yojna, which aims at bringing the poor to the “financial mainstream,” as the Prime Minister says, is an eloquent example of the success of these targeted schemes.

This empowerment of the needy sections was grossly missing in the past, so much so that it was always said that the economic reforms process and liberalisation of the economy has remained confined to elite or well-to-do sections of the society, to the exclusion of the poorer sections, there being no material change in their lives or living standards.


Through these schemes the Prime Minister has sought to remove this anomaly in the country’s development process. Hence his emphasis on inclusive growth all the time. His ‘Man Ki Baat’ programme every month is essentially aimed at striking a dialogue with the larger needy sections of the society and reach out to them.

Through these dialogues the Prime Minister assures that Government’s efforts would be directed towards bringing qualitative and transformative change in the lives of the marginalised with “immense vigour.” The Prime Minister says that these initiatives of the Government have given “wings to millions of aspirations.”


Apart from these social security schemes, the Government’s emphasis on encouraging entrepreneurship in the MSME sector, research and innovation through start-ups by providing necessary financial backing, would certainly have a positive impact on the way the country’s economic development takes place.

This will open new opportunities to aspiring young entrepreneurs and see their dreams come through. This will create large employment opportunities for those who have the skills. With Government support, even the poor can be part of this process.