Financial Inclusion News - Latest Updates, Headlines & Analysis

India's retail credit to GDP doubled over past decade, bank credit remained stable: Report

New Delhi, April 23: Retail credit in India has witnessed significant growth over the last ten years, from 9 per cent of GDP in 2013-14 to 18 per cent in 2024-2025, while bank credit has largely remained stable, according to a report by Motilal Oswal.

Atal Pension Yojana registers 1.17 crore new enrolment in 2024-25

New Delhi April 22: The Atal Pension Yojana (APY) has surpassed 7.60 crore gross enrolments, as of March 31, 2025, marking a milestone in its 10th year, according to a release by Pension Fund Regulatory and Development Authority (PFRDA).

Shahdol beneficiaries thrive with easy loans through PM Modi's Mudra scheme

Shahdo , April 16 : The Pradhan Mantri Mudra Yojana (PMMY) is changing lives across Shahdol district of Madhya Pradesh by providing easy, collateral-free loans to people from economically weaker and middle-income groups. This initiative is helping individuals not only start their own businesses but also turn their dreams into reality.

In MP's Mandsaur, PM Mudra Yojana beneficiaries share stories of transformation

Mandsaur, April 13: As the Pradhan Mantri Mudra Yojana (PMMY) celebrates ten glorious years of empowering small and micro-entrepreneurs across the country, beneficiaries across the nation are sharing their stories of transformation and how the ambitious scheme brought a sea-change in their lives.

Punjab National Bank launches 34 new products on its 131st Foundation Day

New Delhi, April 12: Punjab National Bank (PNB), the nation's leading public sector bank, celebrated its 131st Foundation Day, commemorating over a century of resilience, trust, and customer-centric banking, a release said on Saturday.

Women become self-empowered, find new identity through Mudra Yojana in Jharkhand's Latehar

Latehar (Jharkhand), April 12: The Pradhan Mantri Mudra Yojana (PMMY), which recently marked its 10th anniversary, continues to empower millions across India. In Jharkhand's Latehar district, once known for its Naxal influence, the scheme is not only transforming lives but reshaping the identity and role of women in society.

Gujarat: Mudra Yojana beneficiaries share their journey of success, thank govt

Rajkot, April 10: As the Pradhan Mantri Mudra Yojana (PMMY) completed a decade since its launch on April 8, 2015, there are umpteen stories of success pertaining to the middle class, who not just conceived an enterprise of their own and also executed them with monetary assistance from the government.

RBI to expand ambit of co-lending to enhance credit flow

New Delhi, April 9: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday announced a major proposal to liberalise the RBI's co-lending guidelines for banks and NBFCs to expand their ambit beyond priority sector lending to which they are currently restricted.

1,000 Mudra loans get sanctioned by the time you receive your delivery app order: PM Modi

New Delhi, April 8: Prime Minister Narendra Modi on Tuesday said that by the time a person finishes watching one episode on an OTT platform, the foundation for 5,000 new Pradhan Mantri Mudra Yojana (PMMY) businesses has already been laid, emphasising on the speed at which these loans are being approved.

PMMY beneficiaries in Jharkhand getting loans at very low interest rates, thank govt

Ranchi, April 8: As the Pradhan Mantri Mudra Yojana (PMMY) celebrates its 10th anniversary, the countless beneficiaries from underprivileged backgrounds, across the country, are coming forward to share how it has transformed their lives and businesses.

PM Mudra Yojana empowers dreams, fuels self-employment: Expert

New Delhi, April 8: On the completion of 10 years of the Pradhan Mantri Mudra Yojana (PMMY), an expert on Tuesday said that the scheme has played a significant role in improving the financial condition of people across the country and has given a strong push to self-employment.

Mudra Yojana benefits women, youth; fosters entrepreneurship, says PM Modi

Delhi, April 08: As the Pradhan Mantri Mudra Yojana completed 10 years of implementation, Prime Minister Narendra Modi celebrated the occasion by interacting with scheme beneficiaries today at 7 Lok Kalyan Marg in Delhi.

MUDRA has democratised India's financial system: PM Modi

New Delhi, April 8: Prime Minister Narendra Modi highlighted on Tuesday that the Pradhan Mantri MUDRA Yojana (PMMY), launched 10 years ago on April 8, has turned out to be a massive success in empowering the poor at the grassroots with over 52 crore loans given worth Rs 33 lakh crore.

PMMY: FM Sitharaman hails women empowerment, financial inclusion of marginalised sections

New Delhi, April 8: Union Finance Minister Nirmala Sitharaman on Tuesday said it is heartening to note that nearly 68 per cent of the total Pradhan Mantri MUDRA Yojana (PMMY) loan accounts have been sanctioned to women, becoming a tool for empowerment and enabling them to contribute to national economic growth and also inspiring the next generation of female entrepreneurs.

Biggest financial inclusion scheme in world: BJP leader Pradeep Bhandari praises Mudra Yojana

New Delhi, April 8: Calling the Mudra Yojana "the biggest financial inclusion" scheme, Bharatiya Janata Party national spokesperson Pradeep Bhandari on Tuesday said that the scheme has generated over 5 crore employment opportunities.

Mudra Yojana is eye-opener for any government, says PM Modi interacting with beneficiaries

New Delhi, April 8: Prime Minister Narendra Modi on Tuesday welcomed the 'Mudra Yojana Beneficiaries' at his residence and said that the scheme is an "eye-opener" for any government.

Turned several dreams into reality...: PM Modi on 10 years of Mudra Yojana

New Delhi, April 8: Prime Minister Narendra Modi on Tuesday congratulated the people whose has been transformed through Mudra Yojana and said that the scheme has turned several dreams into reality by empowering people.

'Dreams into reality', says PM Modi on 10 years of Mudra scheme

New Delhi, April 8: As India marks ten years of the Pradhan Mantri Mudra Yojana (PMMY), Prime Minister Narendra Modi on Tuesday congratulated the beneficiaries, saying that the scheme has given opportunities to countless people to showcase their entrepreneurial skills and turn their dreams into reality.

PM Mudra Yojana has empowered millions: DFS Secretary M. Nagaraju

New Delhi, April 7: As the Pradhan Mantri Mudra Yojana (PMMY) completes 10 years on April 8, M. Nagaraju, Secretary, Department of Financial Services (DFS) in the Union Finance Ministry, on Monday said that the scheme has touched a historic milestone of sanctioning over Rs 32.6 lakh crore through more than 52 crore loans.

India's business correspondence sector to cross Rs 147 billion by FY2025: Report

New Delhi, April 6: India's Business Correspondent (BC) sector will cross Rs 147 billion by financial year 2025 (FY25), charting an impressive 19 per cent compound annual growth rate (CAGR), said a report by BLS E-Services.

Stand-Up India scheme sanctions record Rs 61,020 crore worth loans: Centre

New Delhi, April 5: The Stand-Up India scheme has shown remarkable growth over the years, with the total loan amount sanctioned rising from Rs. 16,085.07 crore on March 31, 2019 to an impressive Rs 61,020.41 crore by March 17, 2025, the government has informed.

Financial inclusion: India's business correspondent sector to cross Rs 147 billion in FY25

New Delhi, April 4: Driven by rising rural banking demand, government-led financial inclusion schemes, and digital innovation, India’s business correspondent sector was set to surpass Rs 147 billion in FY25, a report showed on Friday.

Around 50% of Mudra accounts belong to SC, ST and OBCs; boosting financial independence: SBI Report

New Delhi, April 3: The Pradhan Mantri Mudra Yojana (PMMY) is boosting financial independence among marginalized groups as nearly 50 per cent of the 52 crore PMMY accounts belong to individuals from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC), says a report by State Bank of India (SBI).

SBI, Citi unveil $295 million social loan to empower local smallholder farmers in India

Mumbai, April 3: State Bank of India (SBI) and Citi on Thursday announced a social loan facility of $295 million to support smallholder farmers in India.

PMMY an effective tool for women empowerment at grassroots level: SBI report

New Delhi, April 2: Increasing women participation in the Pradhan Mantri Mudra Yojana (PMMY) — 68 per cent of 52 crore account holders are women — has led to better financial situation of women borrowers in the last 10 years, a report showed on Wednesday.

RBI played key role in making India global leader in digital payments: Prez Murmu

Mumbai, April 1: President Droupadi Murmu on Tuesday lauded the Reserve Bank for its key role in making India a global leader in digital payments with innovations like UPI revolutionising financial access.

Women's share in digital transactions doubled from 14 pc to 28 pc in last 7 years

New Delhi, March 31: The digital payment landscape in India has witnessed a significant transformation, with women rapidly closing the gap with their male counterparts in recent years, according to a Crisil report.

'Institutionalised extraction', CM Stalin slams Centre over ATM withdrawal fee hike

Chennai, March 30: Tamil Nadu Chief Minister M.K. Stalin has strongly condemned the Reserve Bank of India’s (RBI) recent decision to allow banks to increase charges for ATM withdrawals beyond the monthly free limit -- from Rs 21 to Rs 23 per transaction -- effective May 1.

Tightening microfinance loan norms to defuse risk for overleveraged borrowers: S&P Global Ratings

New Delhi, March 30: Tightening regulations and stricter underwriting standards in Indian microfinance will rein in growth plans for sector lenders and defuse risk build-up for overleveraged borrowers, said S&P Global Ratings.

Women investors' AUM growing fast, Northeast states see highest rise, says AMFI-Crisil report

Mumbai, March 30: Even as only 25.1 per cent of unique investors in India's mutual fund industry are women, they contribute a higher percentage of total assets under management (AUM) held by individual investors, a new report said on Sunday.

41 pc 1st-time borrowers now Gen Z in India, more women entering formal credit system

Mumbai, March 26: Gen Z is emerging as a major segment in India's credit market, with 41 per cent of first-time borrowers belonging to this young generation, a new report said on Wednesday.

RBI says banks cannot impose excessive charges on loan amounts upto Rs 50,000 under the priority sector lending

New Delhi, March 25: The Reserve Bank of India (RBI) has made it clear that banks cannot impose excessive charges, particularly on smaller loan amounts under the priority sector lending (PSL) category.

FATF forum in India to discuss global priorities for financial inclusion, cyber threats

New Delhi, March 24: Reaffirming India's responsible leadership in global efforts to combat money laundering and terrorist financing, the Financial Action Task Force (FATF) Private Sector Collaborative Forum (PSCF) 2025 is slated to be organised in Mumbai from March 25-27, the government said on Monday.

Digitisation, reforms, financial inclusion among factors in India doubling its GDP in 10 years, say experts

New Delhi, March 22: Digitisation, reforms, financial inclusion are among several factors that have contributed to India's economic growth over the past decade, economists have said as IMF data, cited by BJP leader Amit Malviya, showed that the country doubled its GDP from USD 2.1 trillion in 2015 to USD 4.3 trillion in 2025.

Extending affordable financial protection to every insurable individual: LIC CEO

New Delhi, March 20: Siddhartha Mohanty, CEO and MD of Life Insurance Corporation of India (LIC), said on Thursday that the nation's largest insurer has consistently focused on reaching rural areas and economically and socially disadvantaged sections.

Cabinet okays Rs 1,500 crore incentive scheme to boost low value BHIM-UPI transactions

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