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DFS Secretary asks banks to raise credit penetration in aspirational districts
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IANS | 20 Jan, 2023
With a view to increase credit penetration in aspirational districts,
Secretary, Department of Financial Services Vivek Joshi chaired a review
meeting on Friday with Lead District Managers (LDMs) of these districts
and State Level Bankers' Committee (SLBC) convenors.
During
the meeting, the progress of 112 Aspirational Districts under Targeted
Financial Inclusion Intervention Programme (TFIIP) was discussed in
detail. The progress of 10 selected districts under Utkarsh programme
was also reviewed.
The review meeting was also attended by senior officials of NITI Aayog, Panchayati Raj, and DFS.
Joshi
appreciated the efforts of SLBCs and LDMs in furthering the drive of
financial inclusion in the country and requested LDMs and SLBC convenors
to utilise the next six months with renewed vigor and zeal to achieve
the set milestones.
Officials said that during the review
meeting, it was impressed upon the banks to work on further increasing
credit penetration in these districts and ensure availability of at
least one banking outlet within 5 km of all inhabited villages.
Moreover,
banks were also requested to run financial literacy camps in villages
with the help of Panchayati Raj institutions to further improve the
performance of financial inclusion schemes. A reward and recognition
program for performing districts and SLBCs was also discussed, said
officials.
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