Economy, Banking and Finance · 23 October 2026

Department of Financial Services Initiates Nationwide Financial Inclusion Campaign Targeting 2.70 Lakh Local Bodies

Exam-focused facts from the 23 October 2026 current affairs briefing.

Key facts

  • The Department of Financial Services, under the Ministry of Finance, launched a nationwide Financial Inclusion Saturation Campaign.
  • The initiative targets 2.70 lakh Gram Panchayats and Urban Local Bodies.
  • The campaign is scheduled to run from October 21 to December 31, 2026.
  • Banks will facilitate account opening under the Pradhan Mantri Jan Dhan Yojana (PMJDY) and handle KYC updates, re-KYC, and nomination updates.
  • The campaign supports enrolment in social security schemes including Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY).
  • The drive includes sourcing Kisan Credit Card (KCC) applications and facilitating enrolment under Pradhan Mantri Fasal Bima Yojana (PMFBY) for the Rabi season, alongside digital fraud awareness.