Even after 69 years of independence, around 600 million people in India are out ofthe formal banking. Since; Independence, Government and the RBI have launched many initiatives for financial inclusion- Bank Nationalization, Regional Rural Banks, Cooperative Banks, Banking Correspondence Agents (BCAs), Swabhiman, Swavlamban, Microfinance, No-frills account, 25% rural branch rule, Bharatiya Mahila Bank and so on. But,  the objective of financial inclusion has never been achieved entirely. In; the direction of achieving the financial inclusion objective, Prime Minister Narendra Modi has announced the launch of four major social security schemes in two phases. In;  phase, I basic financial service scheme Pradhan Mantri Jan DhanYojana (PMJDY), was launched, and in the II phase pension scheme named Atal Pension Yojana (APY), a life-insurance scheme called Pradhan Mantri Jeevan Jyoti Bhima Yojana (PMJJBY) and an accidental death or disability insurance scheme called Pradhan Mantri Suraksha BhimaYojana (PMSBY) were launched.This study focuses on the initiative taken by Modi’s Government toward achieving the goals of financial inclusion for inclusive growth in India and analyses the progress and achievements of PMJDY & APY. The relevant data for this study been collected with the help of various Research Journals, Articles, Reports of RBI, Reports of Government, and online resources.

KEYWORDS: Financial Inclusion, Modi’s Govt. Initiatives, PMJDY, APY, PMJJBY, PMSBY.