Sanjay Lohiya,secretary, Department of Financial Services , also asked banks to enrol all new beneficiaries of PMJJBY & PMSBY through the Jan Suraksha portal as the portal will be integrated with all banks and insurers thereby enhancing the quality of data and ease of operations.
New Delhi: Sanjay Lohiya,secretary, Department of Financial Services (DFS), directed the banks to increase awareness of claim eligibility in Jansuraksha insurance schemes so that the nominees receive the amount after the unfortunate demise of the beneficiary.
Banks were also advised to take specific care while handling grievances related to claims under these schemes.
Lohiya, on Tuesday, chaired a review meeting with heads of all public sector banks (PSBs) and executive directors of major private sector banks (PVBs), in New Delhi .
The review meeting was also attended by senior officials of Department of Financial Services.
He also asked banks to enrol all new beneficiaries of PMJJBY & PMSBY through the Jan Suraksha portal as the portal will be integrated with all banks and insurers thereby enhancing the quality of data and ease of operations.
During the meeting, ways to increase the persistency ratio of the Atal pension yojana were also discussed.
Lohiya said that while significant progress has been made in deepening financial inclusion in the country through various flagship schemes of the government, banks should make efforts for further enhancing their digital outreach and focus on end-to end digital processing of loans.
He urged the private sector banks to increase their participation in financial inclusion schemes.
During the meeting, a detailed review of the progress under various Financial Inclusion 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 Yojana (PMMY), Stand Up India, PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi), PM Vishwakarma, PM Surya Ghar, KCC, etc. was undertaken. The progress of opening of brick & mortar branches of banks and deployment of BCs in unbanked villages was also reviewed.
Secretary, Department of Financial Services (DFS), Ministry of Finance, Sh. Sanjay Lohiya chaired a review meeting with heads of all Public Sector Banks (PSBs) and Executive Directors of major Private Sector Banks (PVBs), in New Delhi today