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Poverty Alleviation

Poverty Alleviation through Microfinance

Introduction Poverty is one of the most pressing socio-economic challenges in developing countries, especially in nations like India, Bangladesh, Nepal, and several African states. Despite decades of development initiatives, poverty continues to persist in rural as well as urban areas due to structural inequalities, unemployment, lack of access to resources, and limited financial inclusion. Traditional…

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uppcs magazine

The Pradhan Mantri Jan Dhan Yojana: Charioteer of the Poor and Catalyst for Financial Inclusion

The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by the Government of India in August 2014, has been heralded as a revolutionary initiative aimed at financial inclusion for the underprivileged sections of society. The scheme, often described as the “charioteer of the poor,” plays a pivotal role in ensuring that even the marginalized communities have…

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