Friday, June 24, 2022

Need to make Indian currency, banks vital part of international, supply chain: PM

We need to make India's banks and currency an important part of the international trade and supply chain, said Prime Minister Narendra Modi

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New Delhi: Prime Minister Narendra Modi on Monday stressed the need to make India’s banks and currency an important part of the international trade and supply chain. The Prime Minister also exhorted financial institutions to continuously encourage good financial and corporate governance practices.

Inaugurating the iconic week celebrations by the Ministry of Finance and Corporate Affairs as part of the Azadi ka Amrit Mahotsav (AKAM), Modi said India has developed various financial inclusion platforms and there is a need to create awareness about them for their optimum utilisation.

“There should be an effort to extend these financial inclusion solutions globally.”

Making banks important part of international supply chain

Modi also launched the ‘Jan Samarth portal’, a credit-linked portal of 12 government schemes, to ensure ease in credit availability to youth, entrepreneurs and farmers.

The Jan Samarth portal will be an ‘end-to-end delivery platform’, and more people will come forward to avail loans, he said.

In his address, the Prime Minister said, “It is necessary to focus on how to make our domestic banks, currency an important part of international supply chain and trade”.

Modi said people-centric governance and continuous effort toward good governance have been the hallmark of the government in the past eight years.

He also said that permanent dwelling, electricity, gas, water and free treatment have given poor the respect they deserve.

Modi launches new series of coins with AKAM design

The Prime Minister also launched a special series of commemorative coins that are visually-impaired friendly. The newly launched coins of Re 1, Rs 2, 5, 10 and 20 denominations will have the Azadi Ka Amrit Mahotsav (AKAM) design and will be part of circulation.

“These new series of coins will remind people of the goal of Amrit Kaal and motivate people to work towards the development of the country,” Modi said while addressing the iconic week celebrations of the Ministry of Finance.

(With agency inputs)

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