Finance Ministry to organise meeting with heads of public sector banks on Jan 19

New Delhi: The finance ministry has called a meeting for heads of public sector banks and financial institutions to review the progress of various social sector schemes, including Jan Dhan, Mudra, KCC, and PM SVANidhi. "The meeting with managing director and CEOs of public sector banks is scheduled to be held on January 19 and largely for reviewing the schemes to promote financial inclusion," said sources.

Review meeting for various schemes will be chaired by Joshi

During the meeting, the saturation under Pradhan Mantri Jan Dhan Yojana (PMJDY) would be reviewed. The said meeting will be chaired by Financial Services Secretary, Vivek Joshi. Besides this, progress in Prime Minister Street Vendors' AtmaNirbhar Nidhi (PM SVANidhi) scheme will be reviewed. The government has extended the scheme till December 2024.

In addition, there would be reviews of Mudra Yojana and Stand-up India scheme. Sources said that the meeting will also discuss the Kisan Credit Card (KCC).

Sources also said that the targets and achievements of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana will also be reviewed.

Last year, the government had raised the premium for its flagship insurance schemes including, PMJJBY and PMSBY in order to make them economically viable. The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, translating into an increase from Rs 330 to Rs 436 annually. The annual premium for PMSBY has been hiked from Rs 12 to Rs 20.

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