Govt Orders Pune To Provide Insurance For All Migrant Workers; Financial Inclusion To Be Intensified

In a process to strengthen financial inclusion, seven districts from the entire country have been selected by the central government.

Pune and Aurangabad districts are a part of this, from the state of Maharashtra. 

Seven Districts Selected For Strengthening Financial Inclusion

Seven districts, including Pune and Aurangabad, have been selected for strengthening financial inclusion through various schemes. 

Financial Inclusion is defined as delivering banking facilities/financial services to all the people in a transparent and equitable manner at affordable cost. 

The Committee on Financial Inclusion in India defined it as “The process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as the weaker sections and low income groups at an affordable cost.”

The central government has requested that the administration give migrant workers in Pune City and District access to banking services and insurance coverage because of the large number of migrant workers there in various industries.

Pankaj Sharma, additional secretary for the Union finance department, who met with district collector Rajesh Deshmukh and bank representatives in Pune.

As per Sharma, “Central government has selected seven districts in the country for strengthening financial inclusion through various schemes. From Maharashtra Pune and Aurangabad, districts are part of the programme.”

Access To Banking Services Should Be Available To Everyone

He also stated that access to banking services should be available to as many people as possible, especially those from marginalised groups. 

The government ought to sign up people for the Atal Pension Yojana, Pradhan Mantri Jan Dhan Yojana, and other social security programmes. These plans benefit the average person in times of need. 

These programmes will be carried out more successfully if the private and public banks have the largest possible membership.

As per Deshmukh, Pune district has accomplished remarkable work in providing loans and Kisan credit cards to self-help organisations. It has the potential to enrol the greatest number of people in social security programmes. Banks should take the lead and move forward, and the district administration is prepared to offer the most assistance possible.