As the Pradhan Mantri Jan Dhan Yojana( PMJDY) is set to complete nine years on August 15, the total

At present about 55 per cent of total PMJDY beneficiaries are women, while the national average of

The Pradhan Mantri Jan Dhan Yojana( PMJDY), launched in 2014, reached the significant milestone of

These are expected to be launched next month. Banks have been given a broad outline by the government, ranging from financial inclusion to signing co-lending agreements with non-banking financial companies( NBFCs) and microfinance institutions( MFIs).... Banks have been asked to identify individuals who are 21 years of age, through the voters’ list, and do not have a bank account.... The PMJJBY and PMSBY were launched in 2015 to provide life and accidental insurance cover of Rs 2 lakh each to

Nearly 77 per cent of the Rs 2, 000-denomination currency notes have been deposited in banks, the Ministry of Finance said on Monday.... On May 19, the RBI decided to withdraw the Rs 2, 000 denomination banknotes from circulation while maintaining their legal tender status.... The RBI, on the other hand, advised banks to stop issuing such banknotes immediately and said that all Rs 2, 000 currency notes must be exchanged before September 30, 2023....

To bring down the debt burden, the government has taken various measures like increasing the tax revenue buoyancy, enhancing the public expenditure effectiveness, commitment to reducing fiscal deficit and augmenting the productive efficiency, Finance Minister Nirmala Sitharaman said on Monday.... Click here to follow our WhatsApp channel The government's emphasis on increasing capital expenditure will not only boost the investments, but also return a higher GDP growth to lower the debt burden,

M Nagaraju, Secretary of the Department of Financial Services( DFS) under the Ministry of Finance, reviewed the progress of financial inclusion schemes with heads of public sector banks( PSBs) and senior executives from private sector banks on Wednesday.... The review meeting also included virtual participation by senior executives from the Small Industries Development Bank of India( SIDBI), Mudra Ltd, Indian Banking Association( IBA), and National Credit Guarantee Trustee Company Limited( NCGT

Detergent chemical major, Nirma Group, is leading the race to acquire Glenmark Life Sciences( GLS), according to a report by The Economic Times( ET).... Nirma Ltd and Sekhmet Pharmaventures were among the shortlisted bidders for a controlling stake in GLS.... For acquiring GLS, Nirma will employ healthcare subsidiary Aculife Healthcare as the likely vehicle....

Output of eight key infrastructure sectors — known as the core sector — expanded to a five-month high of 8.2 per cent in June.... This is due to a high base effect and positive growth in seven of the eight sectors.... The print for May 2023 has undergone a significant revision to 5 per cent from 4.3 per cent estimated earlier....

Retail inflation for industrial workers inched up to 5.57 per cent in June compared to 4.42 per cent in May this year, mainly due to higher prices of certain food items.... Similarly, food inflation stood at six per cent against 3.24 per cent in the previous month and 6.73 per cent during the corresponding month a year ago, it added.... The maximum upward pressure in the current index came from Food Beverages group, contributing 1.62 percentage points to the total change....