FM Sitharaman suggests special outreach camps in credit deficient districts

FM Sitharaman suggests special outreach camps in credit deficient districts

Subject : Economy

Section: Monetary Policy

Concept :

• Finance Minister Nirmala Sitharaman on Monday chaired a consultative committee meeting on financial inclusion and suggested special outreach camps in credit-deficient districts in each state.
• In the meeting of the committee attached to the Ministry of Finance on ‘Financial Inclusion: Progress and Prospects‘, deliberations were also held on progress under PM Jan Dhan Yojana, Jan Suraksha schemes, and Mudra Yojana.

District Level Review Committee

• During the meeting, Finance Minister Nirmala Sitharaman suggested holding a special District Level Review Committee (DLRC) meeting between July 15 to August 15 and inviting Member of Parliament from such district to further brainstorm ideas towards financial inclusion by opening Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts for those still outside bank reach.