Finance Ministry to meet chiefs of PSBs, key schemes' progress in focus

DFS secretary to review progress of financial inclusion and social security schemes

The finance ministry has called a meeting of the managing directors (MD) & chief executive officers (CEOs) of public sector banks (PSBs) along with the CEO of National Payments Corporation of India (NPCI) on April 13 to review progress under financial inclusion and social security schemes.

The meeting will be chaired by financial services secretary Vivek Joshi and will review schemes such as the Pradhan Mantri Mudra Yojana (PMMY), Stand Up India and Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme among others.

“Recently, the performance of the banks in this financial inclusion schemes is not encouraging and they