Financial Services Secretary Vivek Joshi chaired a review meeting on Tuesday with senior executives of private sector banks, urging them to intensify efforts to serve the marginalized sections of society and address their banking needs.

The meeting focused on evaluating the performance of various financial inclusion schemes, including PM SVANidhi, PM Vishwakarma, and the Jan Samarth Portal. The review aimed to assess the progress and impact of these initiatives, according to an official statement.

Joshi emphasized the importance of private sector banks in promoting financial inclusion and ensuring that underserved communities have access to essential banking services. He highlighted the need for banks to prioritize the needs of these segments and contribute to the government’s broader financial inclusion agenda.

The review also covered the progress of several key schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Pradhan Mantri Mudra Yojana (PMMY), Stand Up India, and PM Vishwakarma. These initiatives are designed to provide financial security, promote entrepreneurship, and enhance the overall economic well-being of the marginalized and vulnerable populations.

The meeting underscored the significant role private sector banks play in driving financial inclusion and ensuring that the benefits of these schemes reach those who need them the most.