Financial inclusion 2.0 roadmap up for review

New Delhi: The finance ministry will review the progress of financial inclusion with banks and stakeholders this week as it firms up the roadmap for Financial Inclusion 2.0. It will also assess the performance of existing schemes, including the Atal Pension Yojana, amid demands to expand coverage under insurance and pension programmes, said officials."There have been demands to increase the coverage amount under the Jan Suraksha schemes, including Atal Pension Yojana. The review will take into account the progress made in these schemes and other parameters, including timely settlement of claims," said one of the officials, who did not wish to be identified.In the past, the government has received suggestions to increase the insurance cover under life and accident insurance policies, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, to ₹5 lakh from the existing ₹2 lakh. "There was also a proposal to increase the guaranteed pension amount in Atal Pension Yojana to ₹10,000 per month," said the official.

from Economic Times https://ift.tt/Aj9Mduy