Latest news with #JanSurakshaSchemes
Time of India
15-07-2025
- Business
- Time of India
Over 1.4 new lakh Jan Dhan accounts opened in 2 weeks: Finance Ministry
In the first two weeks of the financial inclusion saturation campaign, over 1.4 lakh new PM Jan Dhan Yojana accounts and 5.4 lakh new enrolments under Jan Suraksha Schemes were recorded, the finance ministry said. The campaign aims to ensure full coverage across all Gram Panchayats and Urban Local Bodies. So far, 43,447 camps have been held to drive enrolments and boost financial literacy. Tired of too many ads? Remove Ads The finance ministry on Tuesday said that in the first two weeks of its financial inclusion saturation campaign, around 1.4 lakh new PM Jan Dhan Yojana accounts have been opened and more than 5.4 lakh new enrolments made under three Jan Suraksha Schemes . "This campaign seeks to achieve comprehensive coverage across all Gram Panchayats (GPs) and Urban Local Bodies (ULBs), ensuring every eligible citizen is able to avail the intended benefits of these transformative schemes," the finance ministry said in its statement, adding that so far 43,447 camps have been conducted across various districts to facilitate beneficiary enrolment under key schemes and promote financial finance ministry stated that re-verification of KYC details for 96,383 inactive PMJDY accounts was carried out and nomination details were updated in 66,494 accounts.
Time of India
15-07-2025
- Business
- Time of India
About 1.4 lakh new PMJDY a/cs opened under financial inclusion saturation campaign: FinMin
About 1.4 lakh new Jan Dhan accounts have been opened in the past fortnight under the nationwide financial inclusion saturation campaign , the finance ministry said on Tuesday. The Department of Financial Services (DFS), under the finance ministry, has launched a three-month nationwide saturation campaign, effective from July 1 to September 30, 2025, to bolster the outreach of flagship schemes, such as Pradhan Mantri Jan Dhan Yojana ( PMJDY ), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY), an official statement said. This campaign seeks to achieve comprehensive coverage across all Gram Panchayats (GPs) and Urban Local Bodies (ULBs), ensuring that every eligible citizen gets the intended benefits of these transformative schemes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Nearly 1.4 lakh new Jan Dhan accounts have been opened and more than 5.4 lakh new enrolments have been recorded under three Jan Suraksha Schemes in the past fortnight, the statement said. In two weeks, a total of 43,447 camps have been conducted across various districts to facilitate beneficiary enrolment under key schemes and promote financial literacy . Live Events The campaign is scheduled to continue until September 30, 2025, covering approximately 2.70 lakh GPs and ULBs, the statement added.
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Business Standard
15-07-2025
- Business
- Business Standard
140,000 Jan Dhan accounts opened in two weeks under PMJDY drive: FinMin
About 140,000 new Jan Dhan accounts have been opened in the past fortnight under the nationwide financial inclusion saturation campaign, the finance ministry said on Tuesday. The Department of Financial Services (DFS), under the finance ministry, has launched a three-month nationwide saturation campaign, effective from July 1 to September 30, 2025, to bolster the outreach of flagship schemes, such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY), an official statement said. This campaign seeks to achieve comprehensive coverage across all Gram Panchayats (GPs) and Urban Local Bodies (ULBs), ensuring that every eligible citizen gets the intended benefits of these transformative schemes. Nearly 140,000 new Jan Dhan accounts have been opened and more than 540,000 new enrolments have been recorded under three Jan Suraksha Schemes in the past fortnight, the statement said. In two weeks, a total of 43,447 camps have been conducted across various districts to facilitate beneficiary enrolment under key schemes and promote financial literacy. The campaign is scheduled to continue until September 30, 2025, covering approximately 270,000 GPs and ULBs, the statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hans India
07-07-2025
- Business
- Hans India
Fintechs must curb fraud with AI use, ensure financial inclusion: DFS Secretary
New Delhi: Fintech companies should leverage their strengths and innovation by not only extending financial services to the masses but also to develop robust solutions against fraud, hacking, and other cyber threats -- making greater use of emerging technologies like artificial intelligence (AI), a top government official said on Monday. With the country's digital payments ecosystem rapidly maturing, its influence has begun to extend beyond national borders, reaching Global South, said Nagaraju Maddirala, Secretary, Department of Financial Services (DFS). Addressing the inaugural session of the third 'Financial Inclusion and Fintech Summit' by the Confederation of Indian Industry (CII) here, he emphasised the critical role of fintechs in advancing financial inclusion and consumer protection. Nagaraju reaffirmed the government's strong commitment to financial inclusion and the democratisation of credit access. He highlighted the government's sustained efforts in fostering a supportive ecosystem for fintech innovation, underpinned by a strong digital infrastructure and transformative welfare schemes. Notable among these are the Jan Dhan Yojana and Jan Suraksha Schemes, including the Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Swanidhi Yojana and the Atal Pension Yojana, which have significantly expanded the reach of formal financial services. He also noted that a substantial portion of these financial services and loans have been accessed by women, thereby contributing to women's empowerment and inclusive economic growth. 'It is a matter of great pride for every Indian that India is far, far ahead of many countries in payment systems, and we have, in fact, been trying to expand our digital payment ecosystem to several other countries. We have a presence in seven countries and are also in discussions with a few more,' Nagaraju told the gathering. Shaji KV, Chairman of NABARD, emphasised that India's journey toward Viksit Bharat can gain momentum only when the masses — particularly the rural population — become active stakeholders in the nation's growth story. He pointed out that the rising aspirations within rural communities can be effectively addressed through greater efficiency in financial operations, enabled by fintech innovations. Shaji highlighted the need for disruptive innovation in the sector and called for focused efforts to address challenges such as interoperability and KYC norms with economic activities. He underscored the transformative potential of digital public infrastructure, especially in sectors like agritech, fisheries tech, and cooperative tech, which can play a crucial role in enhancing per capita rural incomes through scalable digital applications. He also mentioned the planned integration of all Regional Rural Banks (RRBs) onto a common digital infrastructure and noted that NABARD is actively working on digitizing agricultural value chains to bridge the rural–urban divide. Additionally, he stressed the importance of women's empowerment through fintech-driven financial access and inclusion. According to Prashant Kumar. Chair, CII National Committee on Fintech, and Managing Director and CEO, YES BANK, as India advances towards Viksit Bharat, inclusive economic growth, particularly for marginalised communities, has remained the central focus and has led to measurable progress in areas such as poverty reduction, education, healthcare and infrastructure development.
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Business Standard
07-07-2025
- Business
- Business Standard
DFS Secretary urges fintechs to expand inclusion, use AI for security
The Department of Financial Services (DFS) Secretary M Nagaraju on Monday urged fintech companies to leverage their strengths and innovation not only to extend financial services to the masses but also to develop robust solutions against fraud, hacking and other cyber threats—making greater use of emerging technologies such as Artificial Intelligence (AI). 'There is a critical role of fintechs in advancing financial inclusion and consumer protection,' said Nagaraju during the inaugural session of the third Financial Inclusion and Fintech Summit, organised by the Confederation of Indian Industry (CII) in New Delhi. Nagaraju also highlighted that financial inclusion is increasingly recognised as a major factor in economic growth and poverty alleviation globally. He pointed out that seven of the 17 United Nations Sustainable Development Goals (UN SDGs) are directly connected to financial inclusion. This, he said, underscores the importance of improving access to financial services for unbanked and under-served populations. Nagaraju further highlighted the government's sustained efforts in fostering a supportive ecosystem for fintech innovation, underpinned by strong digital infrastructure and transformative welfare schemes. Notable among these are the Jan Dhan Yojana and Jan Suraksha Schemes, including the Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Swanidhi Yojana and the Atal Pension Yojana, which have significantly expanded the reach of formal financial services. In response to this situation, the Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in 2014 to improve financial access. Now, 99 per cent of adults in India have bank accounts. This scheme enabled lakhs of Indians to open bank accounts and integrate into the formal financial system, he added. At the same event, Shaji KV, Chairman of the National Bank for Agriculture and Rural Development (NABARD), emphasised that India's journey towards Viksit Bharat can gain momentum only when the masses—particularly the rural population—become active stakeholders in the nation's growth story. He said the rising aspirations within rural communities can be effectively addressed through greater efficiency in financial operations, enabled by fintech innovations. Shaji further highlighted the need for disruptive innovation in the sector and called for focused efforts to address challenges such as interoperability and Know Your Customer (KYC) norms in line with economic activities. He underscored the transformative potential of digital public infrastructure, especially in sectors such as agritech, fisheries tech and cooperative tech, which can play a crucial role in enhancing per capita rural incomes through scalable digital applications.
