Sitharaman Directs Rural Banks To Remove Duplication Of Jan Dhan Accounts

Sitharaman also said that banks should map RRBs with MSME clusters and put greater thrust on increasing the network of rural branches in cluster areas identified by the Ministry of MSME. 

Sitharaman Directs Rural Banks To Remove Duplication Of Jan Dhan Accounts
Image Courtesy: IANS

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday directed regional rural banks (RRBs) to remove duplication of Jan Dhan accounts and facilitate storage facilities for apple growers, particularly in Jammu and Kashmir and Himachal Pradesh. 

She said this during a review meeting of RRBs, where she emphasized on digital capability upgradation of RRBs and instructed the chairman of Punjab National Bank (PNB) to ensure that all RRBs under its ambit acquire digital onboarding capability by November 1, 2023. (Also Read: Innovative Business Idea: Invest Rs 5,000 To Rs 10,000 And Earn Rs 1800 To Rs 3000 Per Day - Unlocking Daily Dividends)

Also present during the meeting were the banking secretary as well as the additional secretary along with heads of RRBs, RBI officials, and representatives of NABARD. (Also Read: 8 Alternative Methods For ATM Cash Withdrawal Without A Debit Card)

Sitharaman also said that banks should map RRBs with MSME clusters and put greater thrust on increasing the network of rural branches in cluster areas identified by the Ministry of MSME. 

She further emphasized increasing penetration under Mudra Yojana and financial inclusion, while stating that a roadmap has to be prepared for completing the designated activities in a time-bound manner.

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