ENA Sectors 2024-05-27 16:12:39 <p><span style="font-size:14px"><strong>New Delhi, May 27 (KNN) </strong>The Development Monitoring and Evaluation Office (DMEO) of NITI Aayog is set to undertake a comprehensive evaluation of four major financial inclusion schemes run by the Department of Financial Services under the Finance Ministry.</span></p> <p><span style="font-size:14px">The schemes to be evaluated include the Pradhan Mantri Jan Dhan Yojana (PMJDY) for affordable access to banking services, the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) for affordable life and accident insurance cover, and the Stand Up India (SUPI) scheme to promote entrepreneurship.</span></p> <p><span style="font-size:14px">The proposed evaluation aims to assess the outreach, impact and efficacy of these schemes for the targeted beneficiaries.</span></p> <p><span style="font-size:14px">For the banking and insurance schemes, the review will focus on aspects like access, usage, claim settlement and adequacy of coverage amounts.</span></p> <p><span style="font-size:14px">For SUPI, the impact on job creation and economic empowerment will be evaluated.</span></p> <p><span style="font-size:14px">DMEO has invited bids from entities to conduct this evaluation exercise over six months.</span></p> <p><span style="font-size:14px">It will involve comprehensive primary and secondary research including surveys, scrutiny of scheme documents, parliamentary reports and third-party assessments.</span></p> <p><span style="font-size:14px">A key objective is to identify gaps and suggest improvements in scheme design and implementation to enhance outcomes and expand coverage of these flagship financial inclusion initiatives.</span></p> <p><span style="font-size:14px">The reference period will be from the inception of each scheme till date. While PMJDY was launched in 2014, PMJJBY and PMSBY began in 2015, followed by SUPI in 2016.</span></p> <p><span style="font-size:14px">This evaluation exercise underscores the government's commitment to periodically review its programmes and boost their effectiveness in benefitting the underprivileged and unbanked sections of society.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37961 https://knnindia.co.in/news/newsdetails/sectors/niti-aayog-to-evaluate-major-financial-inclusion-schemes 2024-05-27 16:12:39 knnindia.co.in