DFS Secretary Nagaraju chairs meeting on schemes of Financial Inclusion with banks
Public Sector and Private Sector Banks should dedicatedly work towards bringing more and more people in the fold of Financial Inclusion Schemes: DFS Secretary
M Nagaraju,
Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired
a review meeting with heads of Public Sector Banks (PSBs) and MD & CEOs
& Senior officers of Private Sector Banks, in New Delhi today. The review
meeting was also attended virtually by senior executives of SIDBI, Mudra Ltd,
IBA and NCGTC.
During the
meeting, Nagaraju 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 and PM
Vishwakarma.
He also reviewed the progress of opening of brick & mortar
branches of banks in unbanked villages and stressed upon augmenting of Banking
Infrastructure in the country with special focus on North Eastern States. He
also emphasized the need for Banking expansion in far flung areas by resolving
the issues of connectivity and infrastructure.
Nagaraju said
that significant progress has been made in expanding social security and
deepening financial inclusion in the country through various flagship schemes
of the Government, and further urged the Public Sector and Private Sector Banks
to dedicatedly work towards bringing more and more people in the fold of
Financial Inclusion Schemes so as to further strengthen financial inclusion
initiatives taken by the Government. Secretary, DFS also stressed upon
extending the loans to SC/STs under Stand-Up India Scheme and achieving the
allocated targets under MUDRA scheme.