Social Security Schemes Finance Ministry Advisory To Banks Raised Question For Target Of Government Scheme

Finance Ministry News: The Finance Ministry has asked all banks about the target during this financial year for security schemes and schemes to benefit the people. The advisory was issued to heads of Public Sector Banks (PSBs) and financial institutions during a review meeting chaired by Financial Services Secretary Vivek Joshi.

An official statement said that during the meeting 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 and Pradhan Mantri Street Vendor’s Self Fund Information was taken about the target of schemes like (PMSVANidhi) and agriculture loan etc.

Banks were advised to set up camps

As per the advisory, in addition to information about these schemes that take care of financial benefits and social security, PSBs were also asked to meet the targets given under the schemes for 2022-23. Banks were also asked to organize financial literacy camps, so that people can be informed about all schemes including micro insurance schemes, UPI Lite and financial transactions.

banking services strengthened

In the last seven to eight years, banking services have easily reached the people. Along with this, banking services have become stronger and banks are trying to make the customer experience stronger. Banking services were appreciated by the Finance Ministry in the meeting. At the same time, the Indian Banks’ Association (IBA) has already been requested to expedite the user service rating for all scheduled commercial banks.

Discussion took place from KCC to digital

PSBs were also requested to take help of PM Kisan database for the purpose of providing Kisan Credit Card (KCC) facility to all the farmers of the country, about which information was taken. Apart from this, the progress in digitization was also discussed and it has been asked to start facilities on the portal to settle the claims.

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