Mumbai: Finance Minister Nirmala Sitharaman He said that Digital Banking Units (DBUs) will promote financial inclusion and digital literacy, thereby promoting formalization of the economy. DBUs are physical banking outlets that will provide services without the need for paper.
Speaking on the launch of 75 digital banking units in 75 districts by 24 banks on Sunday, the Finance Minister said, “It is important to popularize digital banking, the most important aspect is that it will be cost-effective and safe and secure for the customer”. .
Proposal to start DBUs in 75 districts was announced budget For FY23. The program has seen the participation of 11 public sector banks, 12 private lenders and one small finance bank.
reserve Bank of India Governor Shaktikanta Daso The customer will have the option of availing banking facilities either in self-service or assisted mode. “Specialized financial services provided by DBU include savings, credit, investment and insurance. On the credit disbursement front, DBU will provide end-to-end digital processing of small ticket retail and MSME loans, starting with online applications. disbursement,” Das said.
The finance minister said the government’s credit-linked schemes, which are available through the Jan Samarth portal, will also be available to small businesses.
Speaking on the launch of 75 digital banking units in 75 districts by 24 banks on Sunday, the Finance Minister said, “It is important to popularize digital banking, the most important aspect is that it will be cost-effective and safe and secure for the customer”. .
Proposal to start DBUs in 75 districts was announced budget For FY23. The program has seen the participation of 11 public sector banks, 12 private lenders and one small finance bank.
reserve Bank of India Governor Shaktikanta Daso The customer will have the option of availing banking facilities either in self-service or assisted mode. “Specialized financial services provided by DBU include savings, credit, investment and insurance. On the credit disbursement front, DBU will provide end-to-end digital processing of small ticket retail and MSME loans, starting with online applications. disbursement,” Das said.
The finance minister said the government’s credit-linked schemes, which are available through the Jan Samarth portal, will also be available to small businesses.