The finance ministry has called a meeting of heads of Public Sector Banks (PSBs) to review progress of financial inclusion schemes like PM Vishwakarma, Jan Suraksha, and Mudra Yojana. Financial Services Secretary Vivek Joshi will chair the meeting.
The meeting will cover flagship schemes such as PM Vishwakarma, StandUp India, PM SVANidhi, and others. It will also address other financial inclusion issues.
Prime Minister Narendra Modi introduced the PM Vishwakarma scheme last year to provide loan assistance to craftsmen and artisans at a minimal interest rate. The scheme aims to benefit about 30 lakh families of traditional artisans.
The meeting will also review targets for PM JanDhan Yojana, inoperative accounts, and issuance of RuPay cards. Additionally, it will assess schemes like PMJJBY and PMSBY that offer insurance cover.
Banks have sanctioned over Rs 40,700 crore to 1.80 lakh beneficiaries under StandUp India in seven years. The scheme, extended to 2025, aims to promote entrepreneurship among SC, ST, and women borrowers.
The PM SVANidhi Scheme, approved until December 2024, provides micro-credit to empower street vendors affected by the pandemic. It offers affordable collateral-free loans to street vendors.
Published 24 June 2024, 09:48 IST