If the masses can be educated about the benefits of banking and financial system, there is a potential of developing a habit of savings.
We have been talking about how Jan Dhan, Aadhaar and Mobile (JAM) trinity and PMJDY have been accelerating financial inclusion over the last three and a half years. There have been around 19 crore accounts that have been opened. However almost 30-35 per cent of accounts are zero balance ones.
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