The Union Labour Ministry is developing a system that will allow eight crore Employee Provident Fund (EPF) members to directly withdraw their money using the Unified Payments Interface (UPI). The project, expected to roll out by April 2026, aims to provide quicker access to funds, streamline the withdrawal process, and…
Tag: #FinancialInclusion
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Sitharaman Chairs Pre-Budget Consultations with States, UTs
Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, chaired the pre-budget consultation meeting with States and Union Territories (with Legislature) in New Delhi on 10 January 2026. The discussions focused on budget priorities for FY 2026-27, with a particular emphasis on capital investment schemes to support infrastructure and…
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India Post & MoRD Join Hands to Boost Rural Economy
In a major push to strengthen rural livelihoods and economic growth, the Ministry of Rural Development (MoRD) and the Department of Posts signed a landmark Memorandum of Understanding (MoU) on 7th January 2026. The partnership aims to integrate financial services, logistics, and market access for Self Help Groups (SHGs), women…
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DoP, SIDBI Partner for Udyam Assist Verification
New Delhi – The Department of Posts (DoP), under the Ministry of Communications, and the Small Industries Development Bank of India (SIDBI) have formalized a partnership through a Memorandum of Understanding (MoU) to conduct Contact Point Verification (CPV) of Informal Micro Enterprises (IMEs) registered on the Udyam Assist Platform (UAP)….
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Your Money, Your Right: ₹2,000 Crore Reclaimed Nationwide
New Delhi, 26 Dec 2025: The Government of India’s “आपकी पूंजी, आपका अधिकार – Your Money, Your Right” initiative has successfully reclaimed nearly ₹2,000 crore of unclaimed financial assets, connecting citizens with long-forgotten savings across banks, insurance, mutual funds, dividends, shares, and retirement benefits. Understanding Unclaimed Financial Assets Unclaimed financial…
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India–New Zealand Conclude Landmark Free Trade Agreement
Union Minister of Commerce and Industry Shri Piyush Goyal emphasized that public sector banks in India are now competing on an equal footing with private and foreign banks, reflecting their strengthened role in the country’s economic growth. Addressing the MSME Banking Excellence Awards in New Delhi, Shri Goyal highlighted how…
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Financial Empowerment for Street Vendors: PM SVANidhi
The restructured PM SVANidhi Scheme is set to empower 1.15 crore street vendors, including 50 lakh new beneficiaries, by extending the lending period until March 31, 2030. Launched in June 2020, the scheme has evolved from pandemic relief to a holistic financial support system for urban micro-entrepreneurs. Financial Inclusion and…
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Andhra Pradesh Gets First Gen-Z Campus Post Office at VIT-AP
In a major step towards modernising postal services and engaging India’s youth, Minister of State for Communications and Rural Development Dr. Pemmasani Chandra Sekhar on Saturday inaugurated Andhra Pradesh’s first Gen-Z transformed campus Post Office at VIT-AP University in Amaravati. The initiative forms part of a nationwide drive by the…
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Parliament Passes Sabka Bima Sabki Raksha Bill 2025
New Delhi: Parliament has passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 on 17th December 2025, marking a significant reform in India’s insurance sector. The bill amends three key Acts the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development…
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New Unified Logo Unveiled for Regional Rural Banks
New Delhi: In a significant move to strengthen the identity of Regional Rural Banks (RRBs), the Government of India and NABARD have unveiled a new common logo for all 28 RRBs across the country. This initiative, branded as #OneRRBOneLogo, reflects the collective mission of RRBs to foster financial inclusion and…