- Launched by: Union Finance Minister Nirmala Sitharaman at Gandhinagar, Gujarat
- Objective: Encourage financial empowerment and accountability; ensure citizens retrieve unclaimed funds
- Guiding Principles: 3 A's – Awareness, Accessibility, Action
- Awareness: Learn to track unclaimed assets
- Accessibility: Technological platforms and district-level action
- Action: Time-bound and transparent settlements
Unclaimed Funds (as of Aug 2025):
- Deposits in RBI DEAF: ₹75,000+ crore
- Insurance proceeds: ₹13,800 crore
- Mutual fund balances: ₹3,000 crore
- Unpaid dividends: ₹9,000 crore
- IEPF shares: 172 crore
- Time period: October–December 2025, throughout all States/UTs
- Implication: Facilitates financial inclusion efforts such as Jan Dhan Yojana, UPI, and DBT; empowers citizens to receive their due assets
Month: Current Affairs - October 16, 2025
Category: BANKING, FINANCE and BUSINESS