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FinMin Meets Private Sector Lenders To Assess Status Of Major Schemes

Joshi met with the leaders of public sector banks last week and pushed them to meet the goals set forth by various programmes for the current fiscal year

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The finance ministry met with lenders from the private sector on Tuesday to discuss their advancements in relation to the major social security and financial inclusion initiatives.

The Department of Financial Services took to Twitter and said, “ Vivek Joshi, Secretary DFS chaired a meeting today with the representatives of Private Sector Banks, Small Finance Banks and Payment Banks to review the progress made by them under various Financial Inclusion initiatives (PMJDY, PMJJBY, PMSBY, APY, PM SVANidhi, etc.).”

Joshi met with the leaders of public sector banks last week and pushed them to meet the goals set forth by various programmes for the current fiscal year.

The meeting also reviewed the status of several social security (Jan Suraksha) programmes, including the Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Prime Minister Street Vendor's AtmaNirbhar Nidhi (PMSVANidhi), and Agri credit,  Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Pradhan Mantri MUDRA etc. 

Indian Banks' Association (IBA) has previously been asked to speed up the Customer Service Rating for all Scheduled Commercial Banks in order to evaluate consumer expectations and give banks the opportunity to raise the bar for the delivery of services to all market segments.


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finance ministry nirmala sitharaman private banks