Impact of Digital India Programme on Financial Planning of Senior Citizens

Dr. Renati Jayaprakash Reddy, Nataraja

Abstract: Digital India is the flagship program of the Government of India to bring about a paradigm shift from the primitive paper - based system of governance to more efficient digital procedures; however, the use of digital financial tools is still limited among the senior citizen population. While these reforms have significantly enhanced the accessibility of public services, their adoption in personal financial management remains uneven, particularly among senior citizens. This study critically examines the role of digital literacy in shaping the financial planning behaviors of the elderly population, with a particular focus on the utilization of banking services, mobile financial applications, and formal financial planning instruments. The research further explores the awareness and engagement of senior citizens with targeted government financial inclusion schemes such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) and Atal Pension Yojana (APY). Drawing upon primary data obtained from senior citizens in Karnataka, India, the study employs advanced quantitative methodologies to analyze the relationship between digital competence and financial planning outcomes. The analysis reveals that digital literacy serves as a significant enabler of proactive financial behavior, fostering greater confidence and participation in digital financial ecosystems. However, persistent challenges related to data security concerns, technological complexity, and platform accessibility continue to hinder full adoption among this demographic. The generally favorable perception of government - led financial inclusion initiatives underscores their potential in mitigating financial vulnerability and promoting digital financial participation among senior citizens. The findings highlight the necessity of targeted policy interventions to bridge the digital divide and enhance financial resilience in aging populations through comprehensive digital literacy enhancement programs.

Keywords: Digital India, Digital Literacy, Financial Inclusion, Senior Citizens, Financial Planning

How to Cite?: Dr. Renati Jayaprakash Reddy, Nataraja, "Impact of Digital India Programme on Financial Planning of Senior Citizens", Volume 14 Issue 7, July 2025, International Journal of Science and Research (IJSR), Pages: 798-804, https://www.ijsr.net/getabstract.php?paperid=SR25712144543, DOI: https://dx.doi.org/10.21275/SR25712144543