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Finance Ministry Urges Private Sector Banks To Extend More Loans Under Financial Inclusion Schemes

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The Finance Ministry has urged private sector banks to extend more loans under Financial Inclusion Schemes such as PM SVANidhi, PM Vishwakarma and Jan Samarth Portal aimed at providing more jobs for the poor such as skilled artisans and street vendors. Secretary, Department of Financial Services, Vivek Joshi chaired a review meeting with top executives of private sector banks yesterday on the progress of these job-oriented schemes for the poor.  

Mr. Joshi highlighted the features of the Jan Samarth portal that presents information on credit-linked schemes of the government on a single platform. The platform improves customer experience and assists banks in attracting more customers. Mr. Joshi emphasised the importance of financial inclusion programmes and urged banks to organise financial literacy camps so that awareness about financial inclusion schemes can be spread across various sections of society.

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