India Announces New Partnership to Accelerate Financial Inclusion for Everyone – Better Than Cash Alliance – September 1, 2015

In a press release published on September 1, 2015 the Government of India announced that it has joined the UN-initiative Better Than Cash Alliance.

“The announcement comes on the first anniversary of Prime Minister Narendra Modi’s flagship financial inclusion programme Pradhan Mantri Jan-Dhan Yojana (PMJDY).  Under PMJDY, in one year, 175 million new accounts have been opened, with deposits totaling more than $3.4 billion (223 billion Rupees), as revealed by the Government of India.

The new partnership with the Better Than Cash Alliance, made up of governments, companies, and international organizations, is an extension of Indian Government’s commitment to reduce cash in its economy.”

You can read the press release on the Better than Cash Alliance internet site.