Secretary, DFS Chairs Meeting to Prepare Roadmap for Financial Inclusion 2.0

Secretary, DFS Chairs Meeting to Prepare Roadmap for Financial Inclusion 2.0

Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired a meeting at New Delhi today to deliberate on the preparation of the roadmap for Financial Inclusion 2.0. The meeting was attended by senior officials from various Ministries/Departments and institutions, such as Reserve Bank of India (RBI), Department of Economic Affairs (DEA), Department of Secondary Education and Training, Ministry of Electronics and Information Technology (MeiTY), Ministry of Health and Family Welfare (MoHUA), Ministry of Rural Development (MoRD), Ministry of Housing and Urban Affairs (MoHUA), Ministry of Labour & Employment (MoLE), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA), Securities and Exchange Board of India (SEBI), Indian Banks Association (IBA), Indian Cybercrime Coordination Centre (I4C), National Payments Corporation of India (NPCI) etc.

The discussions focused on preparation of plan document for furtherance of Financial inclusion covering the following key areas:

Detailed deliberations were held on all aspects, with active participation from all stakeholders present in the meeting. Shri Nagaraju emphasized the need for further strengthening measures, such as presence of at least one bank branch in each subdivision in the North Eastern region, enhancing insurance and pension coverage for all citizens and formulating strategies to bring individuals currently outside the formal credit system into the mainstream credit framework.

Based on the discussions and further deliberation final report for furtherance of financial inclusion in the country will be issued in due course.