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PM Modi asks banks to develop innovative products for startups, fintech

Now it's the responsibility of the financial sector to understand the aspirations of rural and smaller cities and make them the strength of Aatmanirbhar Bharat," he said. Now you will have to focus on creation of new and better financial products for startups and fintech," PM Modi added. "The financial sector was hurt 10-12 years back due to aggressive lending. PM Modi said that today, all sections of society have access to credit and Rs 15 lakh crore have been extended through MUDRA Yojana. Around Rs 1.15 lakh crore have been deposited in 11 crore farmer families through PM Kisan Swanidhi Yojana.

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