The Treasury Department held a meeting with private sector lenders on Tuesday to review progress they are making under its flagship financial inclusion and social security schemes.
“Dr. Vivek Joshi, Secretary DFS, today chaired a meeting with the representatives of private sector banks, small financial banks and payment banks to review their progress under various financial inclusion initiatives (PMJDY, PMJJBY, PMSBY, APY, PM SVANidhi, etc.),’ the Department of Financial Services said in a tweet.
Last week, Dr. Vivek Joshi the heads of public sector banks and urged them to meet the targets for various schemes for the current fiscal year.
During the meeting the progress of various social security schemes (Jan Suraksha) 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 and AtmaNirbhar Nidhi (PMSVANidhi) of Prime Minister Street Vendor, and Agri credit etc., were assessed.
Indian Banks’ Association (IBA) has already been asked to accelerate the Consumer Service Rating for all scheduled commercial banks to gauge consumer expectations and enable banks to raise their standards of service to each segment.
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