Need to make Indian banks, currency an important part of international trade and supply chain: PM Modi

Prime Minister Narendra Modi on Monday stressed the need to make India’s banks and currency an important part of international trade and the supply chain. The Prime Minister also urged financial institutions to continuously encourage good financial and corporate governance practices.

Inaugurating the iconic celebrations of the week by the Ministry of Finance and Commercial Affairs as part of the Azadi ka Amrit Mahotsav, Modi said that India had developed various financial inclusion platforms and there was a need to enhance them. raise awareness for their optimal use.

“There should be an effort to scale these financial inclusion solutions globally.” Modi also launched the “Jan Samarth Portal”, a credit-linked portal of 12 government programs, to ensure easy access to credit for youths, entrepreneurs and farmers.

The Jan Samarth portal will be an “end-to-end delivery platform”, and more people will show up for loans, he said. In his address, the Prime Minister said: “There is a need to focus on how to make our national banks, our currency an important part of the international supply chain and trade.”

Modi said people-centered governance and continuous efforts for good governance have been the hallmark of the government for the past 8 years. He also said permanent housing, electricity, gas, water and free treatment gave them the respect they deserve.

(With PTI inputs)