FM to meet heads of PSU banks tomorrow; to review performance

Finance Minister Arun Jaitley will meet heads of public sector banks tomorrow to review their financial performance and Jan Dhan Yojana, among others.
The meeting, chaired by Finance Minister Arun Jaitley, will also be attended by heads of public sector financial institutions like Nabard and NHB. Financial Services Secretary Hasmukh Adhia would also be present at the meeting.
The main agenda of the meeting is discussing financial performance at the end of the second quarter, sources said.
The progress of Pradhan Mantri Jan Dhan Yojana (PMJDY) is another important issue that will be discussed in the meeting.
The issue of asset quality and recovery of bad loans would also be discussed. Credit to farm sector, MSME, housing and education loans may also come up talks, sources said.

Besides, there would be deliberation on lending to stalled projects.

In the aforesaid meeting, lending to new projects and financial inclusion will also be discussed among others, official statement said.
Direct Benefit Transfer (DBT) and UIDAI may also be reviewed in the aforesaid meeting, it said.
The Prime Minister on August 28 launched the PMJDY scheme to boost financial inclusion. About 7 crore bank accounts have been opened under Jan Dhan scheme so far.
As on November 10, 7.24 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) of which 4.29 crore in rural and 2.95 crore are in urban areas. RuPay Cards have been issued in case of 3.97 crore accounts.

The Yojana envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension facility.