PRADHAN MANTRI JAN
Credit guarantee fund for small units extended by five years
The Union Cabinet has approved a five-year extension for the Credit Guarantee Fund for Micro Units and the Stand-Up India scheme. An allocation of ₹5,000 crore will support micro units, while ₹4,111 crore funds will assist Stand-Up India initiatives. The Cabinet also approved an 8.5 km extension of the Noida-Greater Noida Metro corridor to improve connectivity. Eligible borrowers can access loans for new enterprises to promote economic growth and entrepreneurship.
Cabinet approves extending credit guarantee fund for micro units, and Stand up India scheme; Aqua Line metro rail corridors extension gets nod
The Union Cabinet has extended the Credit Guarantee Fund for Micro Units and Stand-Up India schemes by five years until 2031, approving a corpus of Rs 5,000 crore and Rs 4,111 crore, respectively. The extensions are expected to facilitate Rs 12.6 lakh crore in Mudra loans and support at least 2.5 lakh additional women, SC and ST entrepreneurs.
The much awaited Noida-Greater Noida West metro link, a mega museum and more: Inside the Cabinet's Rs 77,101 crore package
On Wednesday, the Union Cabinet approved significant proposals for infrastructure and business support across India. The government will allocate ₹3,230 crores for the Yuge Yugeen Bharat Museum in New Delhi. A metro rail project linking Noida and Greater Noida will receive ₹2,390 crores for development. Additionally, ₹62,370 crores will be set aside for NBS rates on fertilizers for the Rabi 2026-27 season.
Babus who call late meetings, delay files face scrutiny as cabinet secretary lists 12 types of secretaries
Cabinet Secretary T V Somanathan highlighted issues with bureaucratic efficiency at a recent performance review meeting. He presented a list of problematic behaviors affecting government productivity using cartoons. Somanathan emphasized the necessity of timely decision-making and better communication between ministries. Another topic addressed was the improper usage of ration cards by railway employees.
HealthRail: Turning India's hospital receivables into growth capital
In a strategic move to streamline hospital cash flow, HealthRail is offering expedited access to accrued revenues. This initiative specifically addresses the payment delays that hospitals experience with insurance providers and public funding programs. By lowering days sales outstanding for qualifying receivables, this system aims to substantially bolster hospitals' liquidity.
Cabinet clears way for Watsa's Fairfax's Rs 52,878 crore deal for 60.72% stake in IDBI Bank
Fairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant moment in the government's divestment efforts, as it represents strategic restructuring. The deal aims to strengthen the banking ecosystem and support the government's disinvestment target for the fiscal year. IDBI Bank's financial position has improved significantly, with reduced non-performing assets.
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Our central mission must be patient-centric innovation: JP Nadda
J P Nadda urges industry to take discoveries ‘from bench to bedside’ as the FICCI–Lilly Bharat Life Sciences Award backs its inaugural cohort with ₹7 crore in grants
Finmin asks pvt banks to increase participation in govt's financial inclusion schemes
The Finance Ministry on Tuesday asked private sector banks to step up participation in financial inclusion schemes, including PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya urged banks to support the upcoming saturation campaign, expand digital outreach, improve loan processing, strengthen insurance claim awareness and address grievances.
Finmin to meet heads of banks on Tuesday to review progress of financial inclusion scheme
A meeting involving bank heads is scheduled for Tuesday to assess the progress of financial inclusion schemes. Key initiatives include Pradhan Mantri Jan Dhan Yojana and Pradhan Mantri Mudra Yojana, which support small enterprises. Other schemes such as PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offer insurance coverage for different age groups. The StandUp India Scheme focuses on empowering SC, ST, and women borrowers.
NEP, Ayushman Bharat excellent examples of policymaking: NCERT textbook
The new NCERT Social Science textbook emphasizes important policies introduced by the Modi government. It details the development of the National Education Policy through extensive public consultation and expert advice. Additionally, the textbook covers Khelo Bharat Niti, focusing on implementing sports policies at various levels. The Ayushman Bharat Scheme is presented as a vital health insurance program for low-income families.
Before Ayushman Bharat, families sold their homes to afford treatment: J P Nadda
Union Health Minister J P Nadda said on Friday that the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana has transformed India's healthcare. He said the scheme covered over 60 crore beneficiaries, becoming the world's largest health assurance programme. The scheme has over 5.6 lakh health facilities and around 11 lakh healthcare professionals are registered on the ABDM ecosystem. The Union Minister also highlighted other major healthcare initiatives undertaken the incumbent government.
New bounce in EPFO trampoline: How the wage ceiling revision will change things
Social security, like a trampoline, not only catches you but also enables you to bounce back. The system's core is to provide workers with a fund to draw from in times of emergency or at retirement, so that a temporary crisis doesn't become a lifelong hardship and trap them in debt.
FM Sitharaman asks banks to step up financial literacy efforts for MUDRA beneficiaries
Union Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yojana to step up financial literacy efforts across states to help small entrepreneurs expand their businesses and bring more people under the scheme.
At 76, PM Narendra Modi’s journey runs from a Gujarat town to the world stage
Narendra Modi Biography: Prime Minister Narendra Modi turns seventy-six on September seventeenth. His political journey began in Vadnagar and led him to national leadership. Modi served as Gujarat's chief minister for over a decade. He became India's prime minister in two thousand fourteen. Modi now holds the record for India's longest-serving elected prime minister.
India needs inclusive growth to become developed country by 2047: NITI Aaoyog CEO
NITI Aayog CEO Anurag Jain emphasised inclusive growth for India's developed nation status by 2047. He noted some states lag in health and education, requiring focused attention. Technology will boost productivity and income distribution, preventing monopolies and market distortions. SBI managing director Rama Mohan Rao Amara highlighted Jan Dhan Yojana account growth.
GFF 2026: India's fintech transformation a result of innovation, inclusion & trust coming together, says RBI's Sanjay Malhotra
Malhotra said fintech’s potential could translate into meaningful impact only when innovation reached people who were not already well served by the financial system. At the same time, such innovation needed to remain firmly anchored in trust, he added.
Every fourth Jan Dhan account inactive, reflects failure of Modi govt's policies: Gehlot
Former Rajasthan Chief Minister Ashok Gehlot stated that many Jan Dhan Yojana accounts remain inactive. He alleged that flawed government policies are increasing poverty across the nation. Gehlot pointed to 5.72 crore accounts holding no money as evidence. He mentioned that the gap between the rich and poor is widening significantly. Gehlot urged the central government to address this growing inequality.
Every fourth Jan Dhan account inoperative; 5.72 crore have zero balance: RTI
Nearly 5.72 crore Pradhan Mantri Jan Dhan Yojana accounts currently hold zero balances. Over 15 crore accounts under the scheme are classified as inoperative. Uttar Pradesh leads with the highest number of zero-balance and inoperative accounts. The scheme aims for universal financial inclusion across all households. More than 59 crore accounts hold over Rs 3.15 lakh crore.
PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
The Pradhan Mantri Jan Dhan Yojana has achieved unparalleled impact and transformative outcomes. This initiative has significantly reshaped India's financial landscape and global financial inclusion efforts. Millions of unbanked adults now have access to basic banking services and digital transaction tools. Women's participation in the financial system has increased substantially through these accounts. Rural and semi-urban areas are now better served by this extensive banking network.
PM Jan Dhan scheme marks 12 years, number of accounts crosses 59 cr with Rs 3.17 lakh cr deposits
The Pradhan Mantri Jan Dhan Yojana has completed twelve years of service. Over fifty-nine crore bank accounts now exist under this financial inclusion scheme. Deposits have reached a substantial three point seventeen lakh crore rupees. This initiative empowers millions by providing access to banking and financial services. The scheme has significantly transformed India's banking and financial landscape.
About 1.4 lakh new PMJDY a/cs opened under financial inclusion saturation campaign: FinMin
India's finance ministry reports significant progress in its nationwide financial inclusion campaign. Approximately 1.4 lakh new Jan Dhan accounts have been opened, and over 5.4 lakh new enrolments were recorded under Jan Suraksha Schemes in the past two weeks. The campaign, running until September 30, 2025, aims to saturate all Gram Panchayats and Urban Local Bodies with key financial schemes.
Banks to close inactive PM Jan-Dhan Yojana accounts? Here is what government said
The Department of Financial Services has denied instructing banks to close dormant Pradhan Mantri Jan-Dhan Yojana accounts, countering recent media reports. Instead, a three-month campaign has been initiated to promote the adoption of these accounts and related welfare schemes. Banks will also conduct re-KYC for due accounts, ensuring their operational status and continued benefits for account holders.
Over 54.5 crore JanDhan accounts opened till January 15; 57% women a/c holders: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced that over 54.5 crore JanDhan accounts have been opened as of January 15, 2025, with 56% belonging to women. The Pradhan Mantri Jan Dhan Yojana, initiated in 2014, aims to provide universal banking services. Social security enrolments also show significant numbers, with millions of women benefitting.
Micro policies keep India's push for insurance coverage on track
The global micro-insurance industry is projected to grow to $137 billion by 2029. India's insurance penetration remains low at 4%, compared to the global average of 6.8%, but the government's efforts through Jan Dhan accounts and social security schemes have laid a strong foundation for achieving the "Insurance for All" target by 2047. As of May 2024, 523 million PMJDY accounts were opened, with 55.6% held by women.
52.81 crore PM Jan-Dhan accounts have deposit balance of over Rs. 2.30 lakh crore
Deposits under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have reached Rs. 2,30,792 crores, with a total of 52.81 crore Jan-Dhan accounts. This signifies a major milestone in the government's efforts toward financial inclusion.
Finmin ask private banks to give more thrust on serving the marginalised sections of society
Financial Services Secretary Vivek Joshi chaired a review meeting with private sector banks to assess the progress of financial inclusion schemes, urging them to focus on marginalized communities. Key schemes reviewed included PM SVANidhi, PM Vishwakarma, PMJDY, PMJJBY, PMSBY, APY, PMMY, and Stand Up India. Joshi emphasized expanding social security and deepening financial inclusion. He also discussed the importance of the Jan Samarth portal and urged banks to increase participation in these schemes and organize financial literacy camps to raise awareness.
MoS Finance urges private banks to push government's financial inclusion programmes
Minister of State for Finance Bhagwat K Karad has urged private sector banks to promote various financial inclusion programs such as Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and Pradhan Mantri Suraksha Bima Yojana. During a review meeting, he emphasized the importance of these programs in providing basic financial services to underserved populations and encouraged banks to take innovative measures and intensify their efforts.
FinMin meets pvt sector bankers; reviews progress of various financial inclusion schemes
During the meeting, progress of various social security (Jan Suraksha) schemes, including Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Pradhan Mantri MUDRA and Prime Minister Street Vendor's AtmaNirbhar Nidhi (PMSVANidhi), and Agri credit etc, were reviewed.
NHA launches new version of Health Benefit Package under AB-PMJAY adding 365 new procedures
The package was launched on Thursday at a two-day meeting held at Tamil Nadu's Mahabalipuram to review Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and Ayushman Bharat Digital Mission in the southern states and Union Territories, according to a statement.
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