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Financial Services

Carving an inclusive strategy for a progressive Indian Economy

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From Jan Dhan to Jan Suraksha - Flagship Schemes

Stand Up India

Number of Accounts : 2,52,320

as on 30.11.2024

Pradhan Mantri Mudra Yojana

Number of Accounts : 50.80

(In Crore) as on 22.11.2024

Pradhan Mantri Suraksha Bima Yojana

Number of Enrollments : 47.76

(In Crore) as on 27.11.2024

Pradhan Mantri Jeevan Jyoti Bima Yojana

Number of Enrollments : 21.75

(In Crore) as on 27.11.2024

Atal Pension Yojana

Total Subscribers : 7.15

(In Crore) as on 30.11.2024

Pradhan Mantri Jan Dhan Yojana

Number of Accounts : 54.08

(In Crore) as on 27.11.2024

Stand Up India

Number of Accounts : 2,52,320

as on 30.11.2024

Pradhan Mantri Mudra Yojana

Number of Accounts : 50.80

(In Crore) as on 22.11.2024

Pradhan Mantri Suraksha Bima Yojana

Number of Enrollments : 47.76

(In Crore) as on 27.11.2024

Pradhan Mantri Jeevan Jyoti Bima Yojana

Number of Enrollments : 21.75

(In Crore) as on 27.11.2024

Atal Pension Yojana

Total Subscribers : 7.15

(In Crore) as on 30.11.2024

Pradhan Mantri Jan Dhan Yojana

Number of Accounts : 54.08

(In Crore) as on 27.11.2024

From Jan Dhan to Jan Suraksha - Flagship Schemes

Pradhan Mantri Jan Dhan Yojana

Number of Accounts : 53.87

(In Crore) as on 23.10.2024

Atal Pension Yojana

Total Subscribers : 7.07

(In Crore) as on 31.10.2024

Pradhan Mantri Jeevan Jyoti Bima Yojana

Number of Enrollments : 21.42

(In Crore) as on 23.10.2024

Pradhan Mantri Suraksha Bima Yojana

Number of Enrollments : 47.07

(In Crore) as on 23.10.2024

Pradhan Mantri Mudra Yojana

Number of Accounts : 50.21

(In Crore) as on 25.10.2024

Stand Up India

Number of Accounts : 2,51,646

as on 31.10.2024

Smt. Nirmala Sitharaman

Hon'ble Finance Minister

Smt. Nirmala Sitharaman

Hon'ble Finance Minister

Shri Pankaj Chaudhary

Hon'ble Minister of State for Finance

Shri Pankaj Chaudhary

Hon'ble Minister of State for Finance

Important links

Public Sector Banks: A Resurgent Force

Prime Minister Shri Narendra Modi launches LIC’s Bima Sakhi Yojana

Department of Financial Services (DFS) organises ‘Coordination Meeting on Vigilance matters of Public Sector Banks (PSBs)’ to enhance inter-departmental cooperation and expedite investigation in bank fraud-related cases, in New Delhi, today

UPI: Revolutionizing Digital Payments in India

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs the Credit Outreach Programme at Darbhanga, Bihar

Union Minister for Finance and Corporate Smt. Nirmala Sitharaman chairs meeting to review the performance of eight Regional Rural Banks (RRBs) in Eastern Region covering four states of Bihar, Jharkhand, Odisha and West Bengal, in Patna, today

DFS carried out National Cyber Security Awareness Month (NCSAM) 2024 in October in collaboration with regulators and financial institutions

APPLICATIONS INVITED FOR THE POST OF DEPUTY GOVERNOR, RESERVE BANK OF INDIA

Upcoming Events of the Department

Appointment of Ms. Lavanya Mundayur, GM, NIACL as CMD in AICIL

Appointment of Shri Rama Mohan Rao Amara, DMD, SBI as MD, SBI

Nomination of representatives of Ministry of Agriculture and Farmers Welfare and two experts on the Board of AICIL

Appointment of Shri Sanjay Malhotra, Secretary, Department of Revenue as Governor, RBI

Appointment of Ms. Manasa Gangotri Kata, as Director in DFS

Appointment of Ms. Rajeshwari Singh Muni as Chairman-cum-Managing Director in National Insurance Company Ltd.

Appointment of Shri Bashilal as part-time non-official Director in Agriculture Insurance Company of India Limited

Selection for the posts of Presiding Officer in Debts Recovery Tribunals

Inviting applications for the post of Whole-time Member (Law) in Pension Fund Regulatory and Development Authority (PFRDA), New Delhi

Inviting applications for the post of Whole-time Member (Finance) in Pension Fund Regulatory and Development Authority (PFRDA), New Delhi

Inviting applications for the post of Chairperson in Pension Fund Regulatory and Development Authority (PFRDA), New Delhi

Inviting applications for filling up of vacancy in the grade of Sr.Administrative Officer/ Officer on Special Duty (OSD) in the office of Custodian at Mumbai on deputation basis

APPLICATIONS INVITED FOR THE POST OF DEPUTY GOVERNOR, RESERVE BANK OF INDIA

Date Extension - Filling up online applications of existing, anticipated and unforeseen vacancies upto 31.12.2024 for the post of Registrar, Assistant Registrar and Recovery Officer in DRATs/DRTs.

e-Tender for Appointment of a professional agency for social media management for Department of Financial Services

RFP for Selection of an Indian Law Firm for providing Legal Advisory Services.

Corrigendum to Request for Proposal (RFP) document for engagement of an Asset Valuer for Strategic Disinvestment of IDBI Bank Limited.

Responses to Pre-Bid Queries on the Request for Proposal (“RFP”) for engagement of an Asset Valuer for Strategic Disinvestment of IDBI Bank Limited.

Shri M. Nagaraju, Secretary, Department of Financial Services, attended the 21st Edition of the Global Inclusive Finance Summit, held at the Ashok Hotel (Delhi) on 11.12.2024.

Shri M. Nagaraju, Secretary, Department of Financial Services, attended the 21st Edition of the Global Inclusive Finance Summit, held at the Ashok Hotel (Delhi) on 11.12.2024.

Hon'ble Finance Minister Smt. Nirmala Sitharaman addressed the audience at the launch of LIC's Bima Sakhi Yojana by Hon'ble Prime Minister Shri Narendra Modi in Panipat, Haryana on 09.12.2024.

Hon'ble Finance Minister Smt. Nirmala Sitharaman addressed the audience at the launch of LIC's Bima Sakhi Yojana by Hon'ble Prime Minister Shri Narendra Modi in Panipat, Haryana on 09.12.2024.2

Secretary, DFS, chaired a crucial meeting on 06.12.2024 with I4C, RBI, NABARD, PSBs, Pvt & Payment Banks to address the growing challenge caused by digital financial frauds, especially mule accounts

Secretary, DFS, chaired a crucial meeting on 06.12.2024 with I4C, RBI, NABARD, PSBs, Pvt & Payment Banks to address the growing challenge caused by digital financial frauds, especially mule accounts

Secretary, DFS, chaired a crucial meeting on 06.12.2024 with I4C, RBI, NABARD, PSBs, Pvt & Payment Banks to address the growing challenge caused by digital financial frauds, especially mule accounts

Department of Financial Services (DFS) organized a coordination meeting on vigilance matters of PSBs on 04.12.2024. Meeting was attended by Secretary (DFS), Director (CBI), Chairman, ABBFF, Chairman/MD & CEOs/CVOs of PSBs, officers from Government Departments such as MHA, DFS, DoPT along with RBI and CERSAI.

Department of Financial Services (DFS) organized a coordination meeting on vigilance matters of PSBs on 04.12.2024. Meeting was attended by Secretary (DFS), Director (CBI), Chairman, ABBFF, Chairman/MD & CEOs/CVOs of PSBs, officers from Government Departments such as MHA, DFS, DoPT along with RBI and CERSAI.

Department of Financial Services (DFS) organized a coordination meeting on vigilance matters of PSBs on 04.12.2024. Meeting was attended by Secretary (DFS), Director (CBI), Chairman, ABBFF, Chairman/MD & CEOs/CVOs of PSBs, officers from Government Departments such as MHA, DFS, DoPT along with RBI and CERSAI.

Hon'ble Finance Minister Smt. Nirmala Sitharaman along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, and Shri Sanjay Kumar Jha, Hon'ble MP (RS), visit the stalls and interacts with the stall owners who have benefited from various schemes of the central and state govt during the Credit Outreach Programme in Madhubani, Bihar.

Hon'ble Finance Minister Smt. Nirmala Sitharaman along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, and Shri Sanjay Kumar Jha, Hon'ble MP (RS), visit the stalls and interacts with the stall owners who have benefited from various schemes of the central and state govt during the Credit Outreach Programme in Madhubani, Bihar.

Hon'ble Finance Minister Smt. Nirmala Sitharaman, along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, hands over sanction letters from banks to beneficiaries under various Central Government schemes during the Credit Outreach Programme in Madhubani, Bihar on 30.11.2024

Hon'ble Finance Minister Smt. Nirmala Sitharaman, along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, hands over sanction letters from banks to beneficiaries under various Central Government schemes during the Credit Outreach Programme in Madhubani, Bihar on 30.11.2024

Hon'ble Finance Minister Smt. Nirmala Sitharaman, along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, hands over sanction letters from banks to beneficiaries under various Central Government schemes during the Credit Outreach Programme in Madhubani, Bihar on 30.11.2024

Hon'ble Finance Minister Smt. Nirmala Sitharaman chaired a meeting in Patna on 29.11.2024 to review the performance of 8 Regional Rural Banks (RRBs) of the Eastern region covering 4 states of Bihar, Jharkhand, Odisha, and West Bengal.

Hon'ble Finance Minister Smt. Nirmala Sitharaman chaired a meeting in Patna on 29.11.2024 to review the performance of 8 Regional Rural Banks (RRBs) of the Eastern region covering 4 states of Bihar, Jharkhand, Odisha, and West Bengal.

Hon'ble Finance Minister Smt. Nirmala Sitharaman along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, visited the stalls and interacted with the stall owners who have benefited from credit availed from various financial institutions through various schemes of the central govt and state govt before taking part in a Credit Outreach Programme in Darbhanga on 29.11.2024.

Hon'ble Finance Minister Smt. Nirmala Sitharaman along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, visited the stalls and interacted with the stall owners who have benefited from credit availed from various financial institutions through various schemes of the central govt and state govt before taking part in a Credit Outreach Programme in Darbhanga on 29.11.2024.

Hon'ble Finance Minister Smt. Nirmala Sitharaman along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, visited the stalls and interacted with the stall owners who have benefited from credit availed from various financial institutions through various schemes of the central govt and state govt before taking part in a Credit Outreach Programme in Darbhanga on 29.11.2024.

Hon'ble Finance Minister Smt. Nirmala Sitharaman along with Shri Samrat Choudhary, Hon'ble Deputy Chief Minister of Bihar, visited the stalls and interacted with the stall owners who have benefited from credit availed from various financial institutions through various schemes of the central govt and state govt before taking part in a Credit Outreach Programme in Darbhanga on 29.11.2024.

Hon'ble Finance Minister Smt. Nirmala Sitharaman chairs review meeting of the Regional Rural Banks of the Eastern Belt, in Patna on 29.11.2024

Hon'ble Finance Minister Smt. Nirmala Sitharaman chairs review meeting of the Regional Rural Banks of the Eastern Belt, in Patna on 29.11.2024

Hon'ble Finance Minister Smt. Nirmala Sitharaman chairs review meeting of the Regional Rural Banks of the Eastern Belt, in Patna on 29.11.2024

Hon'ble Finance Minister Smt. Nirmala Sitharaman visits the SBI Mumbai Main Branch Building and interacts with the officials and staff there. During the visit, Smt. Nirmala Sitharaman was accompanied by DFS Secretary Shri M. Nagaraju and SBI Chairman Shri CS Setty.

Hon'ble Finance Minister Smt. Nirmala Sitharaman visits the SBI Mumbai Main Branch Building and interacts with the officials and staff there. During the visit, Smt. Nirmala Sitharaman was accompanied by DFS Secretary Shri M. Nagaraju and SBI Chairman Shri CS Setty.

Hon'ble Finance Minister Smt. Nirmala Sitharaman visits the SBI Mumbai Main Branch Building and interacts with the officials and staff there. During the visit, Smt. Nirmala Sitharaman was accompanied by DFS Secretary Shri M. Nagaraju and SBI Chairman Shri CS Setty.

Hon'ble Finance Minister Smt. Nirmala Sitharaman visits the SBI Mumbai Main Branch Building and interacts with the officials and staff there. During the visit, Smt. Nirmala Sitharaman was accompanied by DFS Secretary Shri M. Nagaraju and SBI Chairman Shri CS Setty.

Hon'ble Finance Minister Smt. Nirmala Sitharaman released a commemorative coin during the Centenary Celebrations of SBI Mumbai Main Branch Building in Mumbai, Maharashtra.

Hon'ble Finance Minister Smt. Nirmala Sitharaman released a commemorative coin during the Centenary Celebrations of SBI Mumbai Main Branch Building in Mumbai, Maharashtra.

Hon'ble Finance Minister Smt. Nirmala Sitharaman released a commemorative coin during the Centenary Celebrations of SBI Mumbai Main Branch Building in Mumbai, Maharashtra.

Hon'ble Finance Minister Smt. Nirmala Sitharaman released a commemorative coin during the Centenary Celebrations of SBI Mumbai Main Branch Building in Mumbai, Maharashtra.

Secretary, Department of Financial Services (DFS), delivered the keynote address at the 11th SBI Banking & Economics Conclave 2024. The event centred on the theme, "Making Aspiration of Viksit Bharat a Reality!."

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman launches National MSME Cluster Outreach Programme and inaugurates New SIDBI Branches in Bengaluru on 09.11.2024

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman launches National MSME Cluster Outreach Programme and inaugurates New SIDBI Branches in Bengaluru on 09.11.2024

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman launches National MSME Cluster Outreach Programme and inaugurates New SIDBI Branches in Bengaluru on 09.11.2024

Secretary DFS chaired a meeting on 11.11.2024 on the issue of Re-KYC with all stakeholders

Secretary DFS chaired a meeting on 11.11.2024 on the issue of Re-KYC with all stakeholders

Secretary DFS chaired a meeting on 11.11.2024 on the issue of Re-KYC with all stakeholders

Secretary, DFS chaired a comprehensive review meeting with heads of Public Sector Banks (PSBs) on 05.11.2024 to assess the performance and progress of PSBs across areas, including financial stability, digital innovation, cybersecurity, customer-centric initiatives, and support for priority sectors like Agriculture, MSMEs, and key government Fl schemes.

Secretary, DFS chaired a comprehensive review meeting with heads of Public Sector Banks (PSBs) on 05.11.2024 to assess the performance and progress of PSBs across areas, including financial stability, digital innovation, cybersecurity, customer-centric initiatives, and support for priority sectors like Agriculture, MSMEs, and key government Fl schemes.

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Hon'ble Finance Minister hands over sanction letters from banks to beneficiaries under various Central Government schemes during the Credit Outreach Programme in Itanagar, Arunachal Pradesh in presence of Hon'ble Chief Minister Shri Pema Khandu.

Hon'ble Finance Minister hands over sanction letters from banks to beneficiaries under various Central Government schemes during the Credit Outreach Programme in Itanagar, Arunachal Pradesh in presence of Hon'ble Chief Minister Shri Pema Khandu.

Hon'ble Finance Minister chaired a meeting on 30.09.2024 to review performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh. Secretary DFS, Chairpersons of RRBs and sponsor banks, Senior DFS officials, representatives of RBI, NABARD, SIDBI and senior officers of 7 states were also present during the meeting.

Hon'ble Finance Minister chaired a meeting on 30.09.2024 to review performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh. Secretary DFS, Chairpersons of RRBs and sponsor banks, Senior DFS officials, representatives of RBI, NABARD, SIDBI and senior officers of 7 states were also present during the meeting.

Hon'ble Finance Minister chaired a meeting on 30.09.2024 to review performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh. Secretary DFS, Chairpersons of RRBs and sponsor banks, Senior DFS officials, representatives of RBI, NABARD, SIDBI and senior officers of 7 states were also present during the meeting.

Hon'ble Finance Minister chaired a meeting on 30.09.2024 to review performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh. Secretary DFS, Chairpersons of RRBs and sponsor banks, Senior DFS officials, representatives of RBI, NABARD, SIDBI and senior officers of 7 states were also present during the meeting.

Union Finance Minister visited several Self Help Group stalls and interacted with the members of SHGs in Namsai, an Aspirational District in Arunachal Pradesh on 01.10.2024

Union Finance Minister visited several Self Help Group stalls and interacted with the members of SHGs in Namsai, an Aspirational District in Arunachal Pradesh on 01.10.2024

Union Finance Minister took part in a cleanliness drive under the SwachhataHiSeva2024 campaign at the district hospital in Namsai, an aspirational District in Arunachal Pradesh on 02.10.2024. Hon'ble Deputy Chief Minister Shri Chowna Mein and Hon'ble MP Shri Tapir Gao were also present, along with Secretary DFS, Additional Secretary, senior officials from DFS, PR&ID (MOF),NABARD, SBI, SIDBI, and hospital staff.

Union Finance Minister took part in a cleanliness drive under the SwachhataHiSeva2024 campaign at the district hospital in Namsai, an aspirational District in Arunachal Pradesh on 02.10.2024. Hon'ble Deputy Chief Minister Shri Chowna Mein and Hon'ble MP Shri Tapir Gao were also present, along with Secretary DFS, Additional Secretary, senior officials from DFS, PR&ID (MOF),NABARD, SBI, SIDBI, and hospital staff.

Union Finance Minister took part in a cleanliness drive under the SwachhataHiSeva2024 campaign at the district hospital in Namsai, an aspirational District in Arunachal Pradesh on 02.10.2024. Hon'ble Deputy Chief Minister Shri Chowna Mein and Hon'ble MP Shri Tapir Gao were also present, along with Secretary DFS, Additional Secretary, senior officials from DFS, PR&ID (MOF),NABARD, SBI, SIDBI, and hospital staff.

Shri M. Nagaraju, Secretary DFS chaired a meeting with senior officials of LIC of India on 04.10.2024 to have an overview of the Corporation with respect to its business and financial performance and way forward

Secretary, DFS chaired a conference with Chairpersons of Debts Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debts Recovery Tribunals (DRTs) at Vigyan Bhawan on 21.09.2024.

FSIB Interactions

Union Finance Minister chairs meeting to review performance of nine Regional Rural Banks (RRBs) of Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh and Rajasthan, in Udaipur

Union Finance Minister chairs meeting to review performance of nine Regional Rural Banks (RRBs) of Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh and Rajasthan, in Udaipur

Hon'ble Finance Minister addressed the audience during her interaction with MSME units of Marble Cluster in Udaipur, Rajasthan.

Hon'ble Finance Minister addressed the audience during her interaction with MSME units of Marble Cluster in Udaipur, Rajasthan.

Hon'ble Finance Minister and Hon'ble Minister of Micro, Small and Medium Enterprises, visits SIDBI branch office in Udaipur, Rajasthan. Hon'ble Finance Minister and Hon'ble Minister of Micro, Small and Medium Enterprises, handed over loan sanction letters, in the presence of Secretary, DFS to borrowers during their visit.

Hon'ble Finance Minister and Hon'ble Minister of Micro, Small and Medium Enterprises, visits SIDBI branch office in Udaipur, Rajasthan. Hon'ble Finance Minister and Hon'ble Minister of Micro, Small and Medium Enterprises, handed over loan sanction letters, in the presence of Secretary, DFS to borrowers during their visit.

Secretary, DFS, in the presence of Hon'ble Finance Minister and Hon'ble Minister of Micro, Small and Medium Enterprises, addressed that boosting lending to MSMEs is a major focus of DFS, and to support this goal, the performance of banks is being closely monitored

Secretary, DFS, in the presence of Hon'ble Finance Minister and Hon'ble Minister of Micro, Small and Medium Enterprises, addressed that boosting lending to MSMEs is a major focus of DFS, and to support this goal, the performance of banks is being closely monitored

Hon'ble Finance Minister reviews the performance of Regional Rural Banks (RRBs) of West-Central Region during her visit to Udaipur, Rajasthan on 22.08.2024

Hon'ble Finance Minister reviews the performance of Regional Rural Banks (RRBs) of West-Central Region during her visit to Udaipur, Rajasthan on 22.08.2024

Hon'ble Finance Minister reviews the performance of Regional Rural Banks (RRBs) of West-Central Region during her visit to Udaipur, Rajasthan on 22.08.2024

Shri M. Nagaraju took charge as the Secretary, Department of Financial Services (DFS), Ministry of Finance from Dr. Vivek Joshi on 19.08.2024

Union Finance Minister chairs meeting to review performance of Public Sector Banks on 19.08.2024

Union Finance Minister chairs meeting to review performance of Public Sector Banks on 19.08.2024

Briefing by Secretaries to Hon'ble Minister of State for Finance after assuming charge

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Briefing by Secretaries to Hon'ble Minister of State for Finance after assuming charge

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Dr. Vivek Joshi, Secretary, DFS, attended a lecture by Dr. V. Anantha Nageswaran, Chief Economic Advisor, hosted by the DFS as a part of the knowledge series. He spoke about the prospects and challenges for India to become a developed nation at its centenary of Independence.

Dr. Vivek Joshi, Secretary, DFS, attended a lecture by Dr. V. Anantha Nageswaran, Chief Economic Advisor, hosted by the DFS as a part of the knowledge series. He spoke about the prospects and challenges for India to become a developed nation at its centenary of Independence.

Dr. Vivek Joshi, Secretary, DFS, attended a lecture by Dr. V. Anantha Nageswaran, Chief Economic Advisor, hosted by the DFS as a part of the knowledge series. He spoke about the prospects and challenges for India to become a developed nation at its centenary of Independence.

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Finance Minister's Interaction with Start-Up and Fintech Entities 3

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Smt. Nirmala Sitharaman

Hon'ble Finance Minister

Smt. Nirmala Sitharaman

Hon'ble Finance Minister

Shri Pankaj Chaudhary

Hon'ble Minister of State for Finance

Shri Pankaj Chaudhary

Hon'ble Minister of State for Finance