financial inclusion schemes India - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/financial-inclusion-schemes-india/ Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra Mon, 04 May 2026 08:04:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://newsmantra.in/wp-content/uploads/2019/05/cropped-newmantra-logo-32x32.png financial inclusion schemes India - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/financial-inclusion-schemes-india/ 32 32 IPPB Launches Zero-Balance Savings Account for Rural Self-Help Groups https://newsmantra.in/ippb-zero-balance-shg-savings-account-launch-india/ Fri, 01 May 2026 07:13:28 +0000 https://newsmantra.in/?p=80217 NEW DELHI. India Post Payments Bank has introduced a specialized savings account for Self-Help Groups to promote financial inclusion among rural women. Announced by CEO R Viswesvaran, this initiative aims to bring women-led groups into the formal banking system by removing financial barriers. The launch supports national livelihood missions by...

The post IPPB Launches Zero-Balance Savings Account for Rural Self-Help Groups appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]> NEW DELHI. India Post Payments Bank has introduced a specialized savings account for Self-Help Groups to promote financial inclusion among rural women. Announced by CEO R Viswesvaran, this initiative aims to bring women-led groups into the formal banking system by removing financial barriers. The launch supports national livelihood missions by making it easier for these groups to manage their funds and participate in the economy.

The new SHG account is designed to be completely cost-free, requiring no minimum deposit or monthly average balance. It allows groups to hold up to 2 lakh, provides quarterly interest, and offers free cash transactions. By eliminating hidden charges, the bank ensures that even the smallest rural groups can maintain an account without worrying about maintaining a specific balance.

To ensure easy access, the bank will use its network of 1.65 lakh post offices to deliver services directly to the doorsteps of rural residents. Postmen and Gramin Dak Sevaks will facilitate digital onboarding and biometric banking, reaching over 5.5 lakh villages. This move is expected to empower millions of women by providing secure, tech-enabled banking right at their homes.

The post IPPB Launches Zero-Balance Savings Account for Rural Self-Help Groups appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]> PM SVANidhi Scheme Supports Street Vendors With 17,115 Crore Loans https://newsmantra.in/pm-svanidhi-scheme-loans-street-vendors-17115-crore-india/ Wed, 01 Apr 2026 07:11:53 +0000 https://newsmantra.in/?p=79328 NEW DELHI. A total of over one crore loans amounting to 17,115 crore rupees have been disbursed to street vendor beneficiaries under the PM SVANidhi scheme so far. The scheme was launched in June 2020 to provide collateral-free working capital term loans to urban street vendors. Minister of State for...

The post PM SVANidhi Scheme Supports Street Vendors With 17,115 Crore Loans appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]> NEW DELHI. A total of over one crore loans amounting to 17,115 crore rupees have been disbursed to street vendor beneficiaries under the PM SVANidhi scheme so far. The scheme was launched in June 2020 to provide collateral-free working capital term loans to urban street vendors. Minister of State for Housing and Urban Affairs Tokhan Sahu said this in a written reply to a question in the Rajya Sabha today. He said the loan amount of 15 thousand rupees is being provided to the street vendor for the first tranche and 25 thousand rupees for the second tranche. The restructured scheme now provides for cashback on wholesale purchases in addition to cashback on retail digital transactions.

The post PM SVANidhi Scheme Supports Street Vendors With 17,115 Crore Loans appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

]]>