ARCHIVES
VOL. 2, ISSUE 6 (2016)
The Jam Trinity and financial development in India: An analytical framework for inclusive growth
Authors
Dipak Kundu
Abstract
This research paper investigates the efficacy of the JAM Trinity—Jan
Dhan Yojana (JDY), Aadhaar, and Mobile connectivity—as a foundational
infrastructure for accelerating financial development and economic inclusion in
India. Writing in the context of 2016, this paper explores how the convergence
of these three pillars aims to reduce transaction costs, enhance the
leakage-free delivery of welfare benefits, and deepen financial intermediation.
By analyzing the progress of JDY accounts, the penetration of Aadhaar biometric
authentication, and the rapid growth of mobile teledensity, this study argues
that the JAM Trinity holds the potential to bridge the "last mile"
gap in financial inclusion. However, the paper also critically examines the
challenges of digital illiteracy, data privacy concerns, and the need for a
robust technological architecture to convert basic account ownership into
active financial citizenship. The findings suggest that while the JAM Trinity
is a necessary condition for financial development, it must be accompanied by
complementary regulatory frameworks and consumer protection mechanisms to
achieve sustainable economic transformation.
Download
Pages:88-91
How to cite this article:
Dipak Kundu "The Jam Trinity and financial development in India: An analytical framework for inclusive growth". International Journal of Commerce and Management Research, Vol 2, Issue 6, 2016, Pages 88-91
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.