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The Pradhan Mantri Mudra Yojana has significantly strengthened access to credit for small and micro entrepreneurs in India, celebrating over a decade of financial inclusion. Launched in 2015 by Prime Minister Narendra Modi, the scheme provides collateral-free loans up to ₹20 lakh for non-corporate and non-farm income-generating activities, primarily benefiting
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The Ministry of Cooperation is driving the Computerization of Primary Agriculture Credit Societies (PACS) to enhance financial inclusion for Small & Marginal Farmers (SMFs). The project aims to integrate PACS with District Central Cooperative Banks (DCCBs), State Cooperative Banks (StCBs), and various national portals including the National Cooperative Database. Union
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The Ministry of Social Justice and Empowerment in India has announced increased budget allocations for welfare schemes aimed at Scheduled Castes, Other Backward Classes, and senior citizens. The funds are intended to improve financial inclusion, accessibility, and awareness of various social protection programs, ensuring efficient utilization and expanding support for
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The Government of India has launched the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) to bolster lending within the microfinance sector. The initiative aims to provide up to ₹20,000 crore in credit guarantees through the National Credit Guarantee Trustee Company Limited, benefiting approximately 36 lakh microfinance borrowers
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The Department of Posts in India has significantly enhanced its contributions to financial inclusion and citizen services. With a vast network of over 1.64 lakh post offices, it serves more than 47 crore Post Office Savings Bank account holders. It supports a range of savings schemes and plays an
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The Ministry of Finance has implemented measures to increase enrolment and ensure timely disbursement of benefits under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). As of February 2026, there are approximately 26.79 crore beneficiaries and 12.55 crore active policies. The scheme boasts a 99.95% claim settlement
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The EASE 8.0 reform agenda launched under the Ministry of Finance focuses on transforming Public Sector Banks (PSBs) into agile, future-ready, and customer-centric institutions. This initiative, called EASERise, is structured around the themes of Risk & Resilience, Innovation, Socio-Economic Impact, and Excellence. It aims to enhance digital lending, AI
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The Department of Posts, Andhra Pradesh Circle, organized a significant Mega GDS Sammelan in Guntur on February 22, 2026, with over 9,000 Gramin Dak Sevaks participating. The event, attended by several dignitaries, including the Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu and Union Minister Shri Jyotiraditya Scindia,
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Shri M. Nagaraju, Secretary of the Department of Financial Services in the Ministry of Finance, led a pivotal meeting in New Delhi focusing on a strategic plan for Financial Inclusion 2.0. The event brought together senior officials from various government and financial institutions to discuss key objectives including universal
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The Department of Posts has digitally transformed its savings schemes, making them accessible online through internet and mobile banking. This initiative comprises various digital services and improved customer facilities offered by India Post Payments Bank, aiming to enhance transparency and financial inclusivity. Source: Original Link
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The Department of Posts and National Stock Exchange of India Limited have joined forces to promote mutual fund access across India's extensive postal network. This collaboration aims to enhance financial inclusion, particularly in rural areas, by leveraging the trusted infrastructure of India Post and the technological prowess of
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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