Over 58 crore Jan Dhan accounts have successfully integrated millions of Indians into the formal banking system, significantly boosting financial inclusion. This initiative ensures welfare scheme benefits, insurance, and pensions reach beneficiaries directly and without leakages, empowering citizens and strengthening India's economy.
The MPC raised its inflation forecast to 5.1% but chose to look through the supply-side pressures; it will remain alert to risks from global price shocks and monsoon uncertainties.