While launching a financial inclusion initiative of Shri Ram College of Commerce (SRCC) titled 'Vittshala', he said the government has taken various steps in last two-and-a-half years to link every household with a bank account.
Under PMJDY, Jaitley said, the government has been able to open 240 million bank accounts and now except in certain remote and inaccessible areas, people have a bank account.
He further said that in 2015-16, a provision of Rs 1.20 lakh crore was made under MUDRA Yojana and it has been increased to Rs 1.80 lakh crore in the current Financial Year 2016-17.
Under MUDRA, small traders, businesses and new entrepreneurs can have access to banking finance without security.
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'Vittshala' is a Centre For Community Engagement (CCE) initiative, aimed at making communities equipped enough to manage financial resources effectively through community engagement, workshops, seminars and discussions.
Founded by a group of teachers and students, the Cell wants to create an impact through its well-planned, community-oriented projects, a Finance Ministry release said.
'Vittshala' will act as a multi-faceted programme involving peer-counseling, developing interactive apps and events to promote financial literacy.