| Title: PROGRESS OF FINANCIAL INCLUSION IN INDIA’S ASPIRATIONAL DISTRICTS: A ZONE-WISE EVALUATION (2018-2025) |
| Author: Ms. S. HARITHAA and Dr. K. ALAMELU |
| Abstract: Financial inclusion plays a significant role in encouraging inclusive growth and reducing regional disparities in India. The Aspirational District Programme started in 2018, has 49 performance indicators across five socio-economic sectors, with financial inclusion accounts for 5 percent of the composite index. The study segregates the financial inclusion component and conducts a zone-wise longitudinal evaluation of six key indicators viz., MUDRA loan disbursement, enrolments under PMJJBY and PMSBY, beneficiaries from APY, number of accounts seeded with Aadhaar to total bank accounts and number of accounts under Jan Dhan Yojana (PMJDY). This analysis is done across 112 Aspirational Districts from June 2018 to June 2025 with secondary data sourced from NITI Aayog’s Champions of Change dashboard. The paper adopts a descriptive and comparative research design. Zone-wise averages are analyzed with trend analysis and comparative analysis. The findings disclose prolonged growth in banking inclusion, insurance coverage, pension coverage, and digital integration across all zones. The number of disbursements of MUDRA loan declined during 2020, but recovered strongly after pandemic. The number of enrolments in PMJJBY and PMSBY, and the number of accounts opened under PMJDY shows significant growth particularly in the Central, Eastern and North Eastern zones. Coming to the Southern zone, though it initially dropped behind in PMJDY, shows steady improvement over time. Financial inclusion in Aspirational Districts has improved significantly between 2018 and 2025, though there are some regional variations. To ensure balanced and resilient effect of financial inclusion, improved digital infrastructure, stabilization of credit availability and targeted awareness programmes are suggested. |
| Keywords: Financial Inclusion, Aspirational Districts, PMJDY, MUDRA, Insurance Schemes |
| DOI: https://doi.org/10.38193/IJRCMS.2026.8214 |
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| Date of Publication: 16-03-2026 |
| Download Publication Certificate: PDF |
| Published Vol & Issue: Volume 8 Issue 2 March-April 2026 |