City
Epaper

Finance Ministry urges private banks to give more loans to uplift poor

By IANS | Updated: July 9, 2024 22:25 IST

New Delhi, July 9 The Finance Ministry has urged private sector banks to extend more loans under Financial ...

Open in App

New Delhi, July 9 The Finance Ministry has urged private sector banks to extend more loans under Financial Inclusion Schemes such as PM SVANidhi, PM Vishwakarma and Jan Samarth Portal aimed at providing more jobs for the poor such as skilled artisans and street vendors.

Secretary, Department of Financial Services Vivek Joshi chaired a review meeting with top executives of private sector banks here on Tuesday on the progress of these job-oriented schemes for the poor.

Joshi discussed in detail the progress made by private banks in deepening Financial Inclusion and urged them to increase their participation in financial inclusion schemes.

He exhorted private banks to give more thrust on serving the marginalised sections of society and fulfilling their banking needs.

Joshi made a detailed presentation to highlight the features of the Jan Samarth portal that presents information on credit-linked schemes of the government on a single platform. The platform improves customer experience and assists banks in the acquisition of customers.

Joshi emphasised the importance of financial inclusion programmes in providing basic financial services in reaching the last mile and 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.

--IANS

sps/dan

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalZohran Mamdani Wins New York City’s Mayoral Election; Defeating Trump’s Candidate

InternationalNew US Assistant Secretary meets Indian Ambassador in Washington

InternationalTrump has ‘great respect’ for PM Modi, says White House on ties with India

InternationalViolence intensifies in Sudan's North Darfur: UN

EntertainmentPriyanka Chopra gives a shout out to Mahesh Babu as she roams the streets of Hyderabad

Business Realted Stories

BusinessCommercial vehicle segment sees broad-based recovery in October, aided by infra push and festive logistics: Report

BusinessPaytm reports strong Q2 with 24% revenue growth, PAT of Rs 211 crore, driven by robust business model, AI-led opportunities

BusinessPaytm’s net profit improves to Rs 211 crore in Q2, revenue up 24 pc

BusinessMehli Mistry steps down from Tata Trusts, recalls commitment to Ratan Tata

BusinessIndia-UK Science and Technology Partnership dashboard unveiled