Union Finance Minister acknowledges the improvement in technology upgradation of nine RRBs of Western Central region since 2022

Union Finance Minister acknowledges the improvement in technology upgradation of nine RRBs of Western Central region since 2022

 Nirmala Sitharaman chaired a meeting to review performance of nine Regional Rural Banks  (RRBs) of the states of Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh and Rajasthan, in Udaipur, today. Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), Additional Secretary, other senior DFS officials, Chairpersons of RRBs and CEOs of Sponsor Banks, representatives of RBI, SIDBI and NABARD and senior officers of 5 states were also present during the meeting.

The review meeting focused on business performance, upgrading digital technology services, fostering business growth in MSME clusters, and deepening of financial inclusion in rural areas.

Given the crucial role of RRBs in supporting the rural economy, the Union Finance Minister urged RRBs to generate awareness of Government schemes, especially in aspirational districts.