PM Modi Launches Campaign to Reclaim Unclaimed Financial Assets

Prime Minister Narendra Modi has called on citizens to actively recover long-forgotten funds through the national initiative titled ‘Your Money, Your Right’. The campaign underscores the government’s commitment to financial transparency and aims to return idle assets to their rightful owners.

National Appeal for Financial Empowerment

The initiative encourages individuals to trace unclaimed deposits, insurance proceeds, mutual fund balances and dividend amounts. The Prime Minister framed the effort as a collective movement towards an inclusive financial system, urging people to convert dormant assets into meaningful opportunities.

Scale of Unclaimed Wealth Across Sectors

Recent figures highlight the extent of unclaimed money held by financial institutions. Banks reportedly hold tens of thousands of crores in inactive deposits. Insurance companies maintain sizable unclaimed proceeds, while mutual funds and dividend accounts also contain significant untouched amounts. These sums represent hard-earned savings accumulated over years by families across India.

Digital Portals to Simplify Claims

Multiple platforms have been created to streamline the recovery process. The UDGAM Portal assists citizens in locating unclaimed bank balances. Insurance claims are supported through the Bima Bharosa Portal, while the MITRA Portal provides access to mutual fund information. Dividend-related claims can be made via the IEPFA Portal operated by the Ministry of Corporate Affairs.

Exam Oriented Facts

• The ‘Your Money, Your Right’ initiative was launched in October 2025.
• Facilitation camps have been conducted in 477 districts nationwide.
• Nearly Rs 2,000 crore has been returned to citizens through coordinated efforts.
• Dedicated portals include UDGAM, Bima Bharosa, MITRA and IEPFA.

Expanding Outreach and Citizen Participation

Authorities have intensified local-level engagement through district camps to assist people in verifying and reclaiming funds. The campaign aims to ensure wider awareness, particularly in remote areas. Citizens are encouraged to check family financial records and use official portals to secure amounts that rightfully belong to them, strengthening financial inclusion across the country.