Economy
Banks Told to Deepen Digital Inclusion and Improve Insurance Claims Awareness
Financial Services Secretary Sanjay Lohiya reviewed inclusion schemes and urged banks to expand digital access, lending, and insurance support.
What happened
Financial Services Secretary Sanjay Lohiya reviewed progress across schemes including Jan Dhan, MUDRA, insurance, pensions, Kisan Credit Cards, and PM-Surya Ghar with public and private banks. He urged banks to expand digital access, process loans end to end online, increase private-bank participation, and use the Jan Suraksha portal for new insurance enrolments and claims support.
Why it matters
Banks face stronger execution expectations on digital lending, underserved-area coverage, insurance claims awareness, and participation in financial inclusion programmes.
Source: Press Information Bureau (India)