Overview

• The Department of Financial Services has launched a campaign across 270,000 gram panchayats and urban local bodies to deepen financial access
• Banks have been directed to complete re-KYC procedures and open new Pradhan Mantri Jan Dhan Yojana accounts for unbanked and underbanked groups
• Private sector lenders were urged to accelerate settlement of claims under Jan Suraksha insurance schemes to strengthen social safety nets
• The initiative includes plans to expand rural and northeastern banking infrastructure through new brick-and-mortar branches and banking correspondents
• Officials reviewed performance of flagship programmes such as PMJDY, PMJJBY, PMSBY, APY, PMMY and PM Vishwakarma to address implementation gaps