Is the ‘Your Money, Your Right’ Movement Building a Financially Empowered India?
Synopsis
Union Minister Piyush Goyal highlights the transformative potential of the 'Your Money, Your Right' movement in empowering citizens financially. With significant unclaimed funds in banks and insurance, this initiative aims to reclaim assets for rightful owners and foster financial inclusivity across Bharat. Join the movement for a more empowered financial future!
Key Takeaways
Financial empowerment is the core goal of the initiative.
Awareness and support from citizens are crucial for success.
Significant amounts of unclaimed funds exist in Indian banks and insurance companies.
Collaboration between government and citizens can drive this movement forward.
The initiative aims to create a transparent financial ecosystem .
New Delhi, Dec 10 (NationPress) Union Minister of Commerce and Industry Piyush Goyal stated on Wednesday that the “Your Money, Your Right” movement is a revolutionary initiative aimed at fostering a financially empowered and inclusive Bharat.
The Minister encouraged citizens to promote awareness and assist beneficiaries.
The “Your Money, Your Right” movement is a transformative initiative focused on establishing a financially self-reliant and inclusive Bharat, he expressed in a message on the social media platform X.
“Under the visionary leadership of Prime Minister Narendra Modi, the government is dedicated to ensuring that rightful owners receive what rightfully belongs to them,” the Minister remarked.
“In response to PM Modi's call for the further enhancement of this movement, let us unite to raise awareness, support beneficiaries, and help magnify this initiative nationwide,” he added.
Earlier, PM Modi stated that the ‘Your Money, Your Right’ initiative seeks to ensure that every citizen can reclaim their rightful assets, as thousands of crores remain unclaimed across Indian banks, insurance, and mutual fund companies.
This national campaign, which commenced on October 4, aims to assist citizens in recovering unclaimed bank deposits, insurance payouts, dividends, shares, mutual funds, and pensions, and has successfully returned approximately Rs 2,000 crore to rightful owners in the initial two months, as reported to Parliament on Tuesday.
In a post on LinkedIn, PM Modi mentioned that “this is an opportunity to transform forgotten financial assets into new possibilities,” urging, “Together, let us create a transparent, financially empowered, and inclusive India!”
The Prime Minister had previously noted that Indian banks are holding Rs 78,000 crore in unclaimed funds belonging to citizens.
“Insurance firms have nearly Rs 14,000 crore unclaimed, mutual fund companies possess around Rs 3,000 crore, and dividends worth Rs 9,000 crore remain unclaimed,” he added.
This three-month initiative (October-December 2025) is being executed across all states and Union Territories.
“From October until December 5, 2025, camps have been organized in 477 districts with the involvement of public representatives, district administration, and officials from financial institutions,” the government informed.
Point of View
It is imperative to recognize the significance of the 'Your Money, Your Right' movement in promoting financial inclusivity. This initiative not only addresses the pressing issue of unclaimed assets but also empowers citizens to reclaim their rightful possessions, reflecting a commitment to economic transparency and accessibility.
NationPress
19 Jul 2026
Frequently Asked Questions
What is the 'Your Money, Your Right' movement?
The 'Your Money, Your Right' movement is an initiative aimed at helping citizens reclaim unclaimed financial assets in India, including bank deposits, insurance payouts, dividends, and more.
Who is leading this initiative?
Union Minister of Commerce and Industry, Piyush Goyal, is leading the 'Your Money, Your Right' movement under the guidance of Prime Minister Narendra Modi.
How much money has been reclaimed so far?
Approximately Rs 2,000 crore has been returned to rightful owners within the first two months of the campaign.
What types of assets can be reclaimed?
Citizens can reclaim unclaimed bank deposits, insurance proceeds, dividends, shares, mutual funds, and pensions.
How is the campaign being implemented?
The campaign is being implemented through camps held in districts across all states and Union Territories, with participation from public representatives and financial institutions.
