The mandate of the Department of Financial Services covers the functioning of Banks, Financial Institutions, Insurance Companies and the National Pension System

Joined December 2017
1,621 Photos and videos
Jun 12
A major step forward in strengthening digital connectivity between India and Nepal. The newly launched cross-border remittance linkage between India’s UPI and Nepal’s National Payments Interface (NPI) enables seamless, secure, and real-time money transfers through mobile banking applications and digital wallets. The initiative enhances financial inclusion, supports greater economic integration, and makes cross-border payments more convenient for citizens across both nations. With Nepal, UPI is now accepted across 9 countries, expanding the reach of India’s digital payment ecosystem and enabling familiar, trusted payment experiences beyond borders. #DigitalPayments #UPI #FinancialInclusion #DigitalIndia #IndiaNepalRelations #CrossBorderPayments
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Today, over 3 crore women-led MSMEs are creating jobs, driving innovation and contributing to India's growth story. More than Rs 16 lakh crore has been disbursed to women entrepreneurs under #PMMudraYojana, with women receiving 2 out of every three Mudra loans. #12YearsOfNariShakti
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Women-led development is the catalyst for building resilient, equitable, and thriving communities globally. Over the last 12 years, India’s women-led development journey has reached new milestones from access to bank accounts to clean cooking fuel, tap water and sanitation to greater financial inclusion, education, entrepreneurship and rising participation in defence. With empowerment at the core, the journey from welfare to opportunity will continue. #12YearsOfNariShakti
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Jun 12
With more than 32 crore women opening Jan Dhan accounts and holding over 55% of all Jan Dhan accounts, financial inclusion has reached new heights. Women's outstanding credit has surged from Rs 16 lakh crore in 2017 to Rs 76 lakh crore in 2025, reflecting growing confidence, independence and economic participation. #12YearsOfNariShakti
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PM Jan Dhan Yojana has ensured greater financial power for the women. 32 crore women have been brought into the formal banking with zero-balance accounts, DBT, RuPay cards, insurance and overdraft support. #12YearsOfNariShakti
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ECLGS 5.0 Achieves Major Milestone, Guarantee Issuance Crosses 1 Lakh Mark newsonair.gov.in/eclgs-5-0-a… via NaMo App
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💠 India and Nepal Launch Cross-Border Remittance Mechanism to Strengthen Bilateral Financial Connectivity 💠 Seamless, secure and instant P2P transfers enabled through direct linkage of India’s #UPI and Nepal’s National Payments Interface 💠 The initiative strengthens financial inclusion, boosts digital and economic integration, and enhances convenience for travellers and businesses across both countries 💠 This integration enables citizens of both nations to make seamless, real-time, and secure instant money transfers directly via mobile banking applications and digital wallets Read here: pib.gov.in/PressReleasePage.… @FinMinIndia @UPI_NPCI

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NIPL and NCHL are pleased to announce the launch of payment linkage between Unified Payments Interface and National Payments Interface for enabling seamless person-to-person payments, fostering stronger economic ties between India and Nepal. To Know more: bit.ly/india-nepal-linkage
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Jun 11
Expanding Agricultural Credit Across India! Agricultural credit has witnessed unprecedented growth, rising from Rs 7.3 lakh crore in 2013-14 to Rs 28.67 lakh crore in 2024-25. This nearly threefold increase is ensuring easier access to finance and strengthening India’s rural economy like never before. #12YearsOfKisanSamriddhi
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More credit, more opportunities for our farmers. The Kisan Credit Card's loan limit has been been raised from ₹3 lakh to ₹5 lakh, while over ₹10 lakh crore has been disbursed for the same, expanding access to affordable credit for crores of farmers. #12YearsOfKisanSamriddhi
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Jun 10
#ECLGS 5.0 crosses the 1 Lakh guarantee mark in just over a month! Robust outreach wide institutional participation With *1.06 Lakh * loans worth *₹ 48,484 Cr * guaranteed, the scheme is delivering vital support to businesses amid global challenges. 96% of loans guaranteed are towards #MSMEs The scheme will enable businesses to tide over the liquidity challenges faced by them due to the external geopolitical situation. @FinMinIndia @nsitharamanoffc @PIB_India @DDNewslive
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➡️ Emergency Credit Line Guarantee Scheme (#ECLGS) 5.0 achieves a major milestone, Guarantee issuance crosses 1 Lakh Mark, with total amount of guarantees more than ₹48,000 Crore ➡️ 96% of the guarantees issued by number and 86% of the total guaranteed amount belong to the #MSME sector; Public Sector Banks account for 96% of guarantees ➡️ By providing 100% and 90% guarantee coverage to MSME and non-MSME sectors respectively, it has encouraged financial institutions to extend credit aggressively, ensuring that liquidity flows to the sectors that need it most ➡️ The scheme aims to infuse additional credit of ₹ 2,55,000 crore to existing borrower to tide over the liquidity challenges arising due to #WestAsia crisis 🔗pib.gov.in/PressReleasePage.… @FinMinIndia

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Jun 10
As PM @narendramodi becomes India's longest-serving elected Prime Minister, the milestone is also a reminder of how sustained leadership and consistent execution can translate into change on the ground. #longestServingElectedPmmodi
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#12YearsOfSeva | The dream of a developed India with clear policies and strong resolve comes true! With #MUDRA loans exceeding 40 lakh crore, youth have gained opportunities for employment and self-employment, the simple GST system has eased business operations, and 4.5 crore Sukanya Samriddhi Accounts have worked to secure and empower the future of our daughters. @FinMinIndia @GST_Council
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India's entrepreneurial spirit is powering growth from the grassroots upwards. Under #PMMudraYojana, nearly 58 crore collateral-free loans worth over ₹40 lakh crore have been sanctioned, enabling small businesses, first-generation entrepreneurs, women entrepreneurs and youth to realise their aspirations. By expanding access to institutional credit, the scheme has transformed job seekers into job creators and strengthened the foundation of an Atmanirbhar Bharat. #12YearsOfSeva
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Financial inclusion has become a powerful instrument of social empowerment under the leadership of PM Shri @narendramodi. Through #PMJanDhanYojana, more than 58 crore bank accounts have been opened, bringing millions of previously unbanked citizens into the formal financial system. From direct benefit transfers to doorstep banking services, the scheme has strengthened transparency, reduced leakages and ensured that the benefits of development reach every household. #12YearsOfSeva
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Social security is no longer a privilege — it is becoming a reality for every citizen. The Jan Suraksha architecture comprising APY, PMJJBY and PMSBY has extended affordable pension, life insurance and accident insurance coverage to crores of Indians. Together, these schemes have created an unprecedented safety net for vulnerable and low-income families across the country. #12YearsOfSeva
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The GST and Insolvency and Bankruptcy Code (IBC) are rewriting India’s economic DNA through absolute transparency and strict financial discipline. This powerful synergy replaces a legacy of cash and evasion with a robust framework of trust and compliance. Read the full article on Vikas Yatra: narendramodi.in/vikasyatra20… #12YearsOfSeva
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Smt @nsitharaman receives a dividend cheque of Rs 8,813 crore for FY 2025-26 from Shri C S Setty, Chairman - @TheOfficialSBI.
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With 58 crore Jan Dhan accounts, crores of Indians have been brought into the formal banking system. It has ensured that benefits under welfare schemes, low-cost insurance, and pensions reach without leakages. #12YearsOfGaribKalyan
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