Finance Ministry asks private banks to
enhance focus on serving marginalised for their banking needs
The Finance Ministry on Tuesday asked private banks
to give more thrust on serving the marginalised sections of the society and
fulfilling their banking needs.
This was conveyed to these banks at a review meeting
chaired by the Department of Financial Services (DFS) Secretary Vivek Joshi in
the Capital.
A meeting with senior executives of private sector
banks was held to review the progress of the Financial Inclusion Schemes.
At the review meeting, Joshi discussed in detail the
progress made by private banks for deepening of Financial Inclusion and urged
them to increase their participation in financial inclusion schemes.
The financial inclusion schemes reviewed include PM
SVANidhi and PM Vishwakarma.
A detailed presentation on features of Jan
Samarthportal was also made at the meeting. Joshi highlighted the importance of
Jan Samarthportal that presents information of credit-linked schemes of the
government on a single platform. The platform improves customer experience and
assists banks in acquisition of customers.
Basic services
During the meeting, Joshi emphasised the importance
of financial inclusion programmes in providing basic financial services in reaching
the last mile. He also exhorted banks to organise financial literacy camps so
that awareness about various financial inclusion schemes, including Jan
Suraksha schemes may be spread across various sections of society.
During the meeting, Joshi reviewed the progress
under various Financial Inclusion schemes including Pradhan Mantri Jan Dhan
Yojana(PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri
Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Pradhan Mantri Mudra
Yojana (PMMY), Stand Up India, PM Street Vendor's AtmaNirbhar Nidhi (PM
SVANidhi), PM Vishwakarma, etc.
He also reviewed the progress of opening of brick
& mortar branches of banks and deployment of banking correspondents in
unbanked villages.
Joshi underlined the significant progress made in
expanding social security and deepening financial inclusion in the country
through various flagship schemes of the government.
www.thehindubusinessline.com,
dt. 10-07-2024