Government Initiatives for Financial Inclusion in India India has made major progress in financial inclusion through initiatives such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) and the JAM (Jan Dhan-Aadhaar-Mobile) Trinity. Along with digital payment platforms like UPI, these initiatives have helped millions of people who previously had limited access to formal financial services gain access to bank accounts, credit, insurance, and pension facilities.