Unclaimed assets worth ₹2,000 cr provided to rightful owners in Oct, Nov

The government has launched a nationwide campaign 'Your Money, Your Right' to facilitate the settlement of unclaimed financial assets, and Rs 2,000 crore have been claimed by their rightful owners in October and November this year.

The government launched the campaign on October 4 to facilitate the settlement of unclaimed financial assets, including bank deposits, insurance, dividends, shares, mutual funds and pensions, to their legitimate claimants.

From October to December 5, 2025, camps have been held in 477 districts with participation of public representatives, district administration, and officials from financial institutions, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.

To maximise outreach during the campaign, standard operating procedures (SOPs), frequently asked questions (FAQs), and awareness material in major regional languages, along with short video messages, have been widely disseminated. District-level camps are organised with on-ground digital demonstrations, helpdesks, and guided support to simplify the claims process, he said.

The campaign entails collaborative participation of all major financial sector fund regulators, the Reserve Bank of India (RBI), Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority of India (Irdai), Pension Fund Regulatory and Development Authority (PFRDA) and Investor Education and Protection Fund Authority (IEPFA), he added.

Existing platforms, such as RBI's UDGAM (for unclaimed bank deposits), IRDAI's Bima Bharosa (for unclaimed insurance proceeds) and SEBI's MITRA (for unclaimed mutual funds) have empowered citizens to trace their unclaimed assets more efficiently, the minister said.

"During the first two months of the campaign, unclaimed funds amounting to approx Rs 2,000 crore have been claimed by their rightful owners," he said.

Replying to another question, Chaudhary said 75,105 loan accounts as of October 2025 have been sanctioned under the Tarun Plus Scheme (Rs 10-20 lakh), since October 2024.

The default rate for Credit Guarantee Fund for Micro Units (CGFMU) backed loans up to Rs 20 lakh as of October 2025 is 6.88 per cent, he noted.

In reply to a separate question, the minister stated that gross non-performing assets (NPA) of public sector banks or PSBs stood at Rs 2,64,710 crore and that of private lenders at Rs 1,36,270 crore as of September 2025.

In another reply, he said the government has raised an amount of Rs 72,697.40 crore through Sovereign Green Bond as of November 28, 2025.

The proceeds of Sovereign Green Bonds are deployed in various sectors, including clean transportation, renewable energy, and sustainable management of living natural resources, he said.

Environmental benefits anticipated are reduced carbon intensity of the economy, promoting environment-friendly infrastructure, and supporting initiatives that align with India's climate commitments and Nationally Determined Contributions (NDC), Chaudhary said.

Investors offered a greenium of 7 bps on SGBs in the latest auction held on November 28, 2025, indicating that their response is good, he added.