Sources said that the finance ministry’s meeting with the managing directors and chief executive officers (CEOs) of public sector banks will be held on January 19. Schemes to promote financial inclusion to a great extent will be reviewed in the meeting.
The Finance Ministry has called a meeting of heads of public sector banks and financial institutions to review the progress of various social schemes including Jan Dhan, Mudra, Kisan Credit Card (KCC) and PM SVANidhi. Sources said that the finance ministry’s meeting with the managing directors and chief executive officers (CEOs) of public sector banks will be held on January 19. Schemes to promote financial inclusion to a great extent will be reviewed in the meeting.
The Pradhan Mantri Jan Dhan Yojana (PMJDY) will be reviewed in a meeting to be chaired by Financial Services Secretary Vivek Joshi. Apart from this, the progress of the Prime Minister’s Self-Reliant Fund (PM Swanidhi) scheme for street vendors will also be reviewed. The government has extended this scheme till December 2024. The Ministry of Housing and Urban Affairs introduced the Pradhan Mantri Swanidhi Yojana on June 1, 2020, to help the street vendors affected by the corona pandemic to resume work for their livelihood.
Under the scheme, a loan of Rs 10,000 is made available at concessional interest rates. The targets and achievements of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBI) and Pradhan Mantri Suraksha Bima Yojana (PMSBI) and Atal Pension Yojana will also be reviewed, sources said. The government had increased the premium of its flagship insurance schemes – PMJJBI and PMSBI – last year to make them financially viable. Apart from this, Mudra Yojana and Stand Up India Scheme will also be reviewed. Pradhan Mantri Mudra Yojana (PMMY) was introduced in 2015 to provide loans up to Rs 10 lakh to non-industrial, non-agricultural small or micro enterprises.
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