How is the government returning Rs 1,887 crore in unclaimed assets?
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Synopsis
In a remarkable effort, the Indian government has returned over Rs 1,887 crore in unclaimed financial assets to citizens. Under the 'Your Money, Your Right' initiative, this campaign aims to educate and assist individuals in reclaiming their rightful funds. Discover the details of this impactful movement and how you can benefit!
Key Takeaways
- The government has returned over Rs 1,887 crore in unclaimed financial assets.
- The campaign aims to educate citizens on reclaiming their funds.
- Organized camps are held across 272 districts.
- Public participation is encouraged through local representatives.
- Citizens are urged to verify their unclaimed assets.
New Delhi, Nov 27 (NationPress) The Secretary of the Department of Financial Services, M. Nagaraju, announced on Thursday that the government has successfully returned over Rs 1,887 crore in unclaimed financial assets, including insurance policy claims and bank deposits, to their rightful owners as part of the newly initiated 'Your Money, Your Right' campaign.
During a significant camp in the capital, alongside Delhi Chief Minister Rekha Gupta and Union Minister of State for Finance Pankaj Chaudhary, Secretary Nagaraju highlighted the campaign's achievements in Delhi, noting that as of August 31, the pending balance under the Deposited Education and Awareness fund for the region stands at Rs 3,210.84 crore.
This figure suggests that a substantial amount remains inaccessible to the residents of the National Capital, emphasizing the necessity for increased outreach in Delhi to ensure families can claim their rightful funds.
Unclaimed financial assets, which include insurance claims, bank deposits, dividends, shares, and mutual fund income, frequently go unclaimed due to lack of awareness or outdated account information. The mega camp aimed to assist citizens in understanding the process of reclaiming their assets.
Nagaraju stated, "From the outset, we intended for every citizen to easily comprehend this process. The campaign's launch video is now being disseminated across the country in various local languages. Additionally, comprehensive booklets containing FAQs and standard procedures for all unclaimed financial assets have been translated into several regional languages and are being widely distributed. These resources are empowering families to navigate the claim process with confidence.
He reported that the nationwide response has been positive, with strong participation observed across all four phases of the campaign.
Mega camps have been organized in 272 districts, with an additional 102 camps scheduled for tomorrow. With the current momentum, all districts in the country will eventually be included in this initiative.
Senior government officials, MPs, MLAs, and local representatives are actively involved in these camps, encouraging citizens to participate.
Chief Minister Rekha Gupta declared that the government is committed to digitally restoring citizens' unclaimed assets through the 'Your Money, Your Right' initiative, showcasing the government's focus on effective service delivery. The Delhi Government will support this campaign and empower the Finance Ministry to facilitate the organization of these camps.
Rekha Gupta urged the citizens of Delhi to verify their bank accounts, fixed deposits, policies, shares, or mutual fund investments and to attend these camps to reclaim their funds.
In his remarks, Union Minister of State for Finance Pankaj Chaudhary emphasized that the 'Your Money, Your Right' campaign is making steady progress and aims to reach every district within three months, from October to December, ensuring no citizen is deprived of their accumulated assets.
Point of View
This initiative by the government signifies a proactive approach in addressing the issue of unclaimed financial assets. It reflects a commitment to transparency and citizen empowerment, ensuring that individuals are informed and able to reclaim their assets. The campaign's outreach efforts highlight the importance of financial literacy and the need for continued engagement to bridge the information gap.
NationPress
27/11/2025
Frequently Asked Questions
What is the 'Your Money, Your Right' campaign?
The 'Your Money, Your Right' campaign aims to help citizens reclaim unclaimed financial assets such as insurance policy claims and bank deposits.
How much money has been returned to citizens?
The government has successfully returned over Rs 1,887 crore in unclaimed financial assets to their rightful owners.
Where can I find information about my unclaimed assets?
Citizens are encouraged to visit the organized camps or check online resources provided by the government to find information about their unclaimed assets.
How can I participate in the campaign?
Residents can participate by attending the mega camps organized in various districts to learn about reclaiming their assets.
Is there a deadline to claim unclaimed assets?
While the campaign is ongoing, citizens are urged to act promptly to ensure they do not miss out on claiming their funds.
