NITI Aayog Member Dr. R. Balasubramaniam highlighted India’s strategy for financial inclusion and health to Queen Maxima of the Netherlands. India’s financial inclusion journey started with the JAM trinity – Jan Dhan accounts, Aadhaar, and mobile connectivity, paving the way for widespread financial inclusion. This approach has led to the development of a comprehensive social protection system that has significantly enhanced financial well-being for many.
Dr. Balasubramaniam emphasized the importance of considering financial health within the broader context of economic and social security. He stressed that access to financial services must be complemented by essential social protection measures. The integration of financial inclusion with initiatives like Ayushman Bharat, ABHA, and other welfare programs has bolstered household resilience nationwide.
The interconnected efforts in financial inclusion, health security, food security, energy access, and social welfare have collectively improved financial health outcomes for numerous households. By reducing vulnerabilities and enhancing social security, these interventions have positively impacted millions of families. The discussion with Queen Maxima allowed India to showcase how aligning financial inclusion with health, food, energy, and social security measures can build a stronger foundation for households and communities.
