Out of 12,539 claims, a total of 8,199 were paid between April 1, 2014 and December 7, 2023, finance minister Nirmala Sitharaman has said. The number of beneficiaries is 34.71 crore
Speaking at the 20th Global Inclusive Finance Summit, Financial Services Secretary Vivek Joshi also asked banks and financial institutions to work on three areas getting KYC done for inoperative accounts, nomination for bank accounts and strengthening cyber security.
The Union Finance Minister Smt. Nirmala Sitharaman spoke at the Inaugural Plenary session of the Kautilya Economic Conclave -2023 in New Delhi. The FM highlighted India's achievements in creating Digital Public Infrastructure and financial inclusion, emphasizing the need to address global issues like climate financing and terrorism. Smt. Sitharaman discussed key takeaways from the G20…
'A young working population with growing income, increasing financial inclusion, digitalisation of the economy and increased awareness about capital market products like mutual funds are likely to fuel financialisation even further,' says former HDFC chairman