Increase participation in financial
inclusion schemes: FinMin to pvt. banks
The Department of Financial Services (DFS) on
Tuesday told private banks to increase their participation in financial
inclusion schemes.
DFS Secretary Vivek Joshi chaired a meeting with
senior executives of private sector banks to review the progress and
performance of financial inclusion schemes, including PM SVANidhi, PM
Vishwakarma, and Jan Samarth Portal.
According to the press statement of the Finance
Ministry, Joshi also 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), and PM Vishwakarma.
Joshi also reviewed the progress of opening
brick-and-mortar branches of banks and deploying banking correspondents (BCs)
in unbanked villages.
On June 25, the DFS asked public sector banks (PSBs)
to revive inoperative accounts under the Pradhan Mantri Jan Dhan Yojana
(PMJDY).
www.business-standard.com,
dt. 10-07-2024