Banks to play key role in ‘Viksit Bharat’ drive: FM

Finance Minister Nirmala Sitharaman on Thursday said the banking sector will have to play a crucial role in driving the agenda of making India a developed nation or Viksit Bharat by 2047.

The minister was speaking at an event here to mark the 90th Foundation Day of the Bank of Maharashtra, a public sector lender. She said the vision of a Viksit Bharat by 2047 has key pillars of economic growth, social progress, environmental sustainability, and good governance.

“Banks will have to play a crucial role in driving the agenda set by the vision of the Prime Minister and by your role, we are going to give greater momentum to achieving this dream,” she said.

The vision of Viksit Bharat, Sitharaman added, envisages providing strong momentum in infrastructure; ensuring availability of need-based funding to MSMEs; bringing the unbanked population under the ambit of formal banking channels; and providing insurance net to all citizens.