New Delhi: As part of its opening in 2014, more than 559 million bank accounts were opened on Monday as part of the financial inclusion system and improved access to loan and improving access to the loan.
In a written answer to Lok Sabha, the State Minister of Finance Panka Chaudhary said that the Center has adopted several initiatives to ensure that access to basic banking services leads to meaningful participation in the formal financial system.
PMJDY was launched in August 2014 and was a key step in banking without banking facilitating the opening of the deposit accounts of basic savingsfulness. These accounts come with features such as Rupay debit cards and built -in overdraft devices.
Chaudhary said that the government has taken several measures to ensure that the inclusion of the loan supplements the inclusion of the deposit, with a strong focus on the financing of the uncovered.
Pradhan Mantri Mudra Yojana (PMMY) provides credit without collateral £20 Lakh on micro and small businesses, allowing self -employment to be self -employed and income generation. Since its foundation, 53.85 loans on crore in the amount of overr £35,13 trillion was sanctioned according to this system, he said.
Reserved programs such as Stand-up India (SUPI), PM Street Seller Atmanirbhar Nidhi (PM Svanidhi), PM Vishwakarma and Employment Generation (PMEGP), were to extend access to SC/W and women, artists, artists, artists, artists.
The credit guarantee fund (CGFMU) and credit guarantee confidence for Micro and Small Enterprises (CGTMSE) have been created to reduce credit risk of creditors and motivate formal lending for segments inadequately.
To strengthen loans evaluation frames for individuals who lack conventional credit history, the government uses technology and alternative data sources, Choudhary said.
A grameen credit score was announced to support the evaluation of the loan of debtors and rural populations, including farmers and marginalized communities. This initiative is expected to improve the quality and objectivity of credit decisions and facilitate improved access to a formal loan in rural areas, he said.
(Tagstotranslate) Jan Dhan Yojana
