The Finance Ministry is set to review the development of various
financial inclusion schemes as it has called a meeting of heads of
Public Sector Banks (PSBs) on Wednesday.

The meeting is scheduled to be chaired by Financial Services Secretary
M Nagaraju and review schemes including Jan Suraksha and Mudra Yojana,
and PM SVANidhi Schemes, Pradhan Mantri Suraksha Bima Yojana, Pradhan
Mantri Suraksha Bima Yojana among others.

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The PMSBY provides insurance cover of Rs 2 lakh for accidental death
or total permanent disability and Rs 1 lakh for partial permanent
disability to people in the age group of 18-70 years.

While the PMJJBY offers life insurance cover of Rs 2 lakh, in case of
death due to any reason, to people in the age group of 18-50 years
having a bank or post office account, who give their consent to join
or enable auto-debit of premium.

PM SVANidhi Scheme was launched in June 2020 by the government as a
micro-credit facility with an aim to empower street vendors to recover
losses incurred as a result of the Covid-19 pandemic.

The meeting would be crucial as it is coming near to the presentation
of the Union Budget 2025.