Centre notifies amalgamation of 26 Regional Rural Banks

IANS | April 8, 2025 3:25 PM

New Delhi, April 8 (IANS) The Finance Ministry's Department of Financial Services has notified the amalgamation of 26 Regional Rural Banks (RRBs) on the principles of 'One State One RRB' as part of the fourth phase of the continuing exercise to improve efficiency, according to an official statement issued on Tuesday.

MUDRA has democratised India's financial system: PM Modi

IANS | April 8, 2025 1:19 PM

New Delhi, April 8 (IANS) 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

IANS | April 8, 2025 12:19 PM

New Delhi, April 8 (IANS) 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.