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The Ministry of Cooperation, since its inception in 2021, has focused on strengthening Primary Agricultural Credit Societies (PACS) in Odisha by modernizing and diversifying their operations. Of the 4,262 PACS in the state, 4,147 are operational, with 4,240 sanctioned for computerization under the PACS project with a
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The Ministry of Finance, overseeing a review meeting chaired by the Secretary of the Department of Financial Services, praised the commendable performance of Regional Rural Banks (RRBs) in the first half of the financial year 2025-26. The meeting noted the continuous improvement in reducing non-performing assets and emphasized the vital
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The Economic Survey 2025-26, tabled by Union Minister Nirmala Sitharaman, showcases India's robust economic growth with a projected real GDP growth of 7.4% for FY26. The survey details significant advancements in financial inclusion, infrastructure, and renewable energy sectors, while maintaining low inflation rates and enhancing fiscal stability.
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The Economic Survey 2025-26 reports a notable improvement in India's banking sector, with a significant increase in asset quality for Scheduled Commercial Banks (SCBs) and a record performance by Regional Rural Banks (RRBs). Measures such as improved credit availability for MSMEs and stronger regulatory frameworks have driven these
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The Department of Posts in India has successfully revamped its ATM infrastructure by activating 887 ATMs across various post offices in the country. This initiative aims to improve accessibility to banking services, particularly for residents in rural and underserved regions, advancing the government's goal for financial inclusion through
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In 2025, the Department of Financial Services (DFS) undertook significant financial reforms, focusing on financial inclusion, banking sector health, digital payments, and key policy initiatives. Building on successful past programs, DFS introduced EASE 8.0 (EASE₹ise) targeting Risk & Resilience, Innovation, Socioeconomic Impact, and Excellence. The department's
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The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to collaborate on enhancing financial inclusion, digital services, and logistics in rural areas of India. This partnership aims to promote sustainable rural development and improve market access for those in rural communities. Source: Original
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On January 7, 2026, the Ministry of Rural Development and the Department of Posts signed a Memorandum of Understanding to foster financial and logistical services in rural areas of India, enhancing market access and promoting sustainable livelihoods through initiatives involving Self Help Groups and India Post's vast network.
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India's government, through the 'Your Money, Your Right' initiative, has successfully reclaimed and returned nearly ₹2,000 crore of unclaimed financial assets to their rightful owners. This campaign, launched in October 2025, aims to help citizens recover unclaimed assets like bank deposits, insurance proceeds, mutual funds,
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Dr. Pemmasani Chandra Sekhar, Minister of State for Communications, is spearheading efforts to modernize India Post by focusing on strategic business growth, financial inclusion, and tech-driven reforms. Through monthly reviews of all 24 Postal Circles, the Minister emphasizes the importance of operational efficiency and resource optimization to cater to the
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The PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme, originally launched to assist street vendors during the COVID-19 pandemic, has been restructured to extend its support until 2030. The scheme now aims to benefit 1.15 crore vendors, including 50 lakh new participants, by providing enhanced loan amounts
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In 2025, India's Department of Posts expanded essential services across the nation, including passport services and Aadhaar updates, promoting accessibility and inclusion. Strategic partnerships were established for financial inclusion and enhancing rural connectivity. Key initiatives like Har Ghar Tiranga campaign and DIGIPIN innovation marked significant milestones, reflecting a