The finance ministry directed private sector banks on Monday to increase their participation in the implementation of government schemes.
The direction was given by Department of Financial Services Secretary M Nagaraju during a meeting to review the progress and performance of various financial-inclusion (FI) schemes, including the PMJDY, PMJJBY, PMSBY, APY PMMY and PM Vishwakarma, with the senior management of private sector banks.
The meeting chaired by the secretary was also attended by the IBA CEO and senior officials of the department.