India, Sept. 26 -- A decade ago, a vegetable seller in a small Indian town lived in a fragile financial world. Cash was the only currency she trusted, her modest savings were tucked away at home, and the idea of insurance or a bank loan was beyond imagination. If she needed money, the local moneylender was her sole resort - unreliable, expensive, and often exploitative.

Today, her life looks entirely different. She accepts QR-code payments, maintains a Jan Dhan account to secure her earnings, pays a few rupees a month for life or accident insurance, and can even apply for collateral-free loans.This transformation began in 2014 with the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY). In less than ten years, more than 55 crore accoun...