Govt to bring 21st century financial system to every doorstep

Government is committed to bring 21st century financial system to every household in the country and was taking a number of steps in this regard, Lok Sabha was informed today.
"Our aim is to bring 21st century financial system to every household in the country. For this we have taken a number of steps that includes granting licence to small banks, appointing banking mitra etc.," Minister of State for Finance Jayant Sinha said during question hour.
The Minister said the Prime Minister's Jan Dhan Yajana has been an "astonishing success" and 100 per cent households have been covered by it.

Sinha said Public Sector Banks (PSB) and Regional Rural Banks (RRB) have taken a number of steps to open more branches, especially in backward areas, besides taking initiatives for financial inclusion of everyone.
PSBs and RRBs are virtually independent in opening branches and they are taking a number of steps in this regard. "Opening of branches is a continuous process and the banks are doing it, especially in backward areas. Our aim is for financial inclusion of everyone," he told Lok Sabha during question hour.
Sinha said recruitment of PSBs and RRBs was a dynamic process which depends upon business volume, business growth, employee strength and retirements etc.

"Accordingly, banks undertake recruitment of staff to fill vacancies on ongoing basis as per their requirements," he said.