Ministry of FinanceVerified account

@FinMinIndia

Official Account of the Ministry of Finance, Government of India.

New Delhi
Joined July 2014

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  1. Addressing a Conclave on Financial Inclusion in New Delhi, September 13, 2017

  2. FM: Present Govt brought the policy of fin inclusion to centre stage; No of dormant accounts come to less than 20%;

  3. 11 hours ago

    There is an emphasis in India particularly after to reduce quantum of cash in society: Sh

  4. 10 hours ago

    What India has done in the last 3 years is to bring a non-issue into key centre-state agenda: FM

  5. Results of demonetization- volume of cash reduced, tax base increase, more formalisation of the economy:

    , , and 5 others
  6. For banks to be operational- we have launched insurance & pension schemes- incetivising bank accounts:

    , , and 6 others
  7. has been an important leap forward for . Now we are beginning to understand it's potential:

    , , and 7 others
  8. FM : Rupay card linked to these accounts, Rs. 5000 overdraft & 2 key insurance schemes incentivised the financial inclusion.

  9. Last 3 yrs, has succeeded to bring financial inclusion which nvr previously had economic/political imperative to focus:

    , , and 6 others
  10. FM : Number of accounts opened for disadvantaged sections have been significantly large.

  11. FM :The 77% zero balance accounts have come down to 20% in 3 years

  12. FM delivering the Keynote Address at Conclave on Financial Inclusion : It's one area where PSBs performed better than others.

  13. FM ​: Its only in 2014, when we launched the PMJDY, in a mission mode throughout the country with the help of banks.

  14. We have strong schemes at the Central & State level ensuring money goes directly into bank a/c:

    , , and 5 others
  15. , , and 6 others
  16. 11 hours ago

    Live: Resource of a state as a subsidy must reach those segments of population against for whom it is specifically targeted: Sh

  17. 11 hours ago

    LIVE: The more the DBT expands, the more of accounts will get operational: FM

  18. 11 hours ago

    LIVE: enables targeted state support, directly to beneficiaries, notes FM

  19. How do you incentivise ppl to not just open accounts but use them. This needed a holistic 360° view:

    , , and 7 others
  20. 11 hours ago

    LIVE: Am sure the legislation will stand the test of constitutionality: FM

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