The Ministry of Finance will organise a special campaign from October 15 to November 26 to further strengthen the Financial Inclusion (FI) framework. The campaign will be initially rolled out at the gram panchayat level in the following seven districts: Cuttack (Odisha), Aurangabad (Maharashtra), Pune (Maharashtra), Kakinada (Andhra Pradesh), Kaushambi (Uttar Pradesh), and Datia (Madhya Pradesh), and Barpeta (Madhya Pradesh).
As per the tweet by Finance Minister Nirmala Sitharaman’s office, the campaign, to be led by the Department of Financial Services, will focus on: 1. Achieving saturation in respect of bank accounts, insurance/pension schemes for eligible individuals; 2. Distribution of loans to Farmer Produce Organisations (FPOs), and SHGs for the establishment of cold-chain infrastructure; 3. Expanding the coverage of MUDRA and KCC penetration for persons engaged in animal husbandry, dairy and fisheries; 4. Bringing SHG members within the ambit of the FI ecosystem of the country; 5. Mobile/Aadhaar seeding of existing accounts with a special focus on making small accounts normal accounts by doing full KYC.
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