Tag: financial inclusion

At the DLRC and DCC meeting in Rajnandgaon, Collector Dr. S.N. Bhure directed bankers to prioritize loan approvals under PM Surya Ghar Muft Bijli Yojana and PM SVANidhi, while extending greater credit support to small enterprises, SHGs, and women entrepreneurs. Officials emphasized timely resolution of pending cases to maximize public benefit.

Prime Minister Narendra Modi has extended the PM SVANidhi scheme till March 31, 2030, to empower street vendors with affordable credit, financial inclusion, and digital support. The move aims to strengthen self-reliance and ensure inclusive growth for millions of small entrepreneurs across India.

RBI Governor Shaktikanta Das clarified that UPI is not truly free, highlighting that the government has subsidized over ₹8,000 crore to keep it so for users. He praised the Modi government's support for promoting digital payments while underlining the operational costs involved in maintaining UPI’s infrastructure.

A financial inclusion and saturation outreach camp was organized in Sankara village by the Lead District Bank Office and Bank of Baroda, Somni branch. Officials from the bank’s head office in Vadodara and regional offices in Raipur and Durg participated, highlighting the importance of KYC compliance in Jan Dhan accounts and promoting various social security schemes such as PMJJBY, PMSBY, and Atal Pension Yojana.

In a thought-provoking post on May 29, Bangalore-based tax practitioner SL Joshi raised concerns about the shift from traditional hard-copy financial statements to digital formats like QR codes and online portals. Highlighting the growing challenges for retail investors, Joshi warned that this digital transformation could limit access to crucial financial data, favoring professional investors while sidelining those without the tools or expertise to keep up. His observations call for urgent attention to inclusivity in corporate financial reporting.