The government aims to ensure the availability of banking touch points from any residence within 5 km. A government official familiar with the plan said, “We are working with banks to create a comprehensive framework that improves access, streamlines digital loan applications and facilitates access to retail, MSME and agriculture loans. To ensure prompt response.”
The government wants banks to also find linkages and link Jan Dhan accounts with schemes like Atal Pension Yojana, PM Svanidhi, stand up india Scheme and Sukanya Samriddhi Yojana. “Based on the Jan Dhan Accounts, Aadhaar and Mobile (JAM) framework, banks can offer new analytics-based offers to customers and expand their coverage,” the official said, adding that banks may also be asked to take delivery decisions. Hope to take advantage of your business correspondent channels. of small loans and other financial products.
Last week, Prime Minister Narendra Modi in his address at the ‘Creating Synergy for Seamless Credit Flow and Economic Growth’ conference said that banks need to adopt a partnership model and a culture of being an approver and a customer being an applicant. Leave these.
“At the branch level, banks may decide to approach at least 10 new youth or local micro, small and medium enterprises to help promote their enterprises,” he said. 15 August 2022.