Finmin reviews financial inclusion schemes in meeting with banks, FI CEOs

New Delhi: The finance ministry on Tuesday reviewed the progress under various financial inclusion schemes with the chief executives of public sector banks and other financial institutions, including Nabard and Sidbi. The meeting was chaired by financial services secretary Vivek Joshi.

Joshi also reviewed the progress of the opening of brick-and-mortar branches of banks in unbanked villages and urged the PSBs to industriously work towards reaching the last mile to further strengthen financial inclusion initiatives taken by the government, the finance ministry said in a statement.

Joshi observed that significant progress has been made in expanding social security and deepening financial inclusion in the country through various government flagship schemes. The issues related to CKYC, the Jan Samarth portal, Aadhar seeding, etc. were also discussed during the meeting. The statement noted that Joshi asked banks to give more thrust to improving the customer experience across banking services.