Digital payment push: FinMin to organise Mudra camps from Varanasi

In a bid to accelerate self-employment opportunities, the finance ministry has decided to organise Mudra Promotion Camps across the country beginning September 27 from the Prime Minister's constituency Varanasi.

As part of the special drive, 50 camps, including one each in state capitals, will be organised between September 27 and October 17, official sources said.

Besides, the camps will facilitate various modes of digital payments enabling users to transact from anywhere and create awareness on various financial inclusion instruments, the sources said.

The campaign will help promote not only Mudra loans but spread awareness about digital payment method, financial inclusion and social security schemes, the sources added.

It is to be noted that banks have sanctioned Rs 74,601 crore to 1.59 crore beneficiaries across the country since April this year.

Since the launch of Mudra Yojana by Prime Minister Narendra Modi in April 2015, banks have disbursed Rs 3.66 lakh crore to 8.77 crore beneficiaries.

These camps will see participation from all the banks, SIDBI and Common Service Centres.