In a significant move aimed at strengthening India’s social security framework, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the continuation of the Atal Pension Yojana (APY) till the financial year 2030-31. The decision also includes an extension of government funding support for promotional and developmental…
Tag: #FinancialInclusion
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India Post Boosts Banking Access via 887 ATMs
New Delhi: In a significant push towards improving access to banking services and strengthening financial inclusion, the Department of Posts has revamped its ATM infrastructure by activating 887 automated teller machines across India. The newly operational ATMs, installed at post offices in different parts of the country, are designed to…
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PSBs Sanction ₹52,300 Cr to 3.96 Lakh MSMEs via Digital Loans
In a major boost for India’s Micro, Small, and Medium Enterprises (MSMEs), Public Sector Banks (PSBs) have sanctioned over ₹52,300 crore to more than 3.96 lakh MSME applicants under a digital credit assessment model. Launched in 2025, this initiative leverages digital footprints to deliver faster, paperless, and more efficient financing…
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EPF Withdrawal via UPI Soon: Labour Ministry Simplifies Access
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…
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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…