Union Budget 2015–16: Paradigm Shift from Financial Inclusion to Social Security (Jan Dhan to Jan Suraksha)

It is often believed that Growth and Sustainable Development cannot go hand in hand and that is the biggest challenge for any Finance Minister while making the Financial Budget for the Economy. Through this paper, an attempt is made to suggest that through Social Inclusion along with social security an Economy can achieve desired growth along with Sustainability. The study reveals that Financial Inclusion cannot be the fundamental right for underprivileged as it has some cost but at the same time it can be made a key driver to earn, grow and sustain. After studying various pros and cons of Social Inclusion and analysing the Union Budget 2015–16 an attempt is made to suggest that this is the first budget ever in which there were plans for converting cons of Financial Inclusion into opportunities so as to accelerate the growth resulting into social sustainability i.e. reducing poverty and enhancing prosperity.