State, UT-level Bankers’ Committees asked to report share of SC beneficiaries in jobs, loan subsidy schemes
The Indian Finance Ministry has mandated that State and Union Territory-level Bankers’ Committees report the percentage of Scheduled Caste beneficiaries in flagship government schemes. This directive follows concerns from the National Commission for Scheduled Castes regarding the lack of transparency in financial inclusion data.
Why it matters
This ensures greater accountability in the distribution of government subsidies and loans to marginalized communities, directly impacting social equity and financial inclusion monitoring.
The Finance Ministry has now directed State-level and Union Territory-level Bankers’ Committees to mandatorily include data on the percentage share of Scheduled Caste beneficiaries availing flagship Central schemes such as the Mudra Yojana, Stand Up India , Prime Minister’s Employment Generation Programme, MSME/business loans, and others.
This direction comes after the National Commission for Scheduled Castes flagged the fact that these bankers’ committees were not reporting this data for a number of government schemes in their regular reviews, which was hindering the Commission’s ability to perform its Constitutional duties.
Housing funds for SC/ST beneficiaries to be given directly: Minister
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in