Banking, Financial Services, and Insurance Schemes, Recent Schemes, Benefits
Banking, Financial Services, and Insurance schemes guide citizens with savings, credit, and insurance access. Banking, Financial Services, and Insurance initiatives also expand digital payments, financial inclusion, and rural coverage. This blog explains the list of banking schemes in India, financial inclusion schemes, and recent updates in 2025.
Shruti Kumari17 Nov, 2025
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Banking, Financial Services, and Insurance schemes are important for the Indian economic structure. These policies are made to support citizens, especially in their small businesses, farming, and more. Under these schemes, they have focused on providing digital access, financial inclusion, security, and credit support.
Therefore, these Banking, Financial Services, and Insurance schemes are designed to provide basic services such as savings, insurance, and credit. Provided here is the list of the banking schemes in India that continue to grow as more people adopt digital payments and online banking. Apart from these, we have also covered financial inclusion schemes in India that are created to bring unbanked families to these systems.
Banking, Financial Services, and Insurance Schemes Overview
The schemes under Banking, Financial Services, and Insurance support savings, credit, safety, insurance coverage, and digital access. They also ensure that people in rural and urban areas receive equal opportunities to join the financial system. The list of financial inclusion schemes in India focuses on increasing digital literacy, reducing cash dependency, and improving formal banking usage.
Government schemes related to banking help citizens access services such as:
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Zero-balance accounts
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Affordable insurance
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Pension support
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Microcredit
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Digital payments
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Easy documentation
The government also updates the recent banking schemes in India to match global financial standards and provide strong customer protection.
List of Banking, Financial Services, and Insurance Schemes
Mentioned here is the list of banking, financial services, and insurance schemes. Check the tables below for complete information:
| List of Banking, Financial Services, and Insurance Schemes | ||
| Scheme Name | Purpose | Key Benefits |
| Pradhan Mantri Jan Dhan Yojana (PMJDY) | Financial inclusion | Zero-balance account, RuPay card |
| Pradhan Mantri Suraksha Bima Yojana (PMSBY) | Accident insurance | Low-premium insurance cover |
| Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) | Life insurance | Annual life cover support |
| Atal Pension Yojana (APY) | Old-age income | Fixed monthly pension |
| National Pension System (NPS) | Retirement planning | Flexible investment and saving |
| Pradhan Mantri Mudra Yojana (PMMY) | Small business loans | Shishu, Kishore, Tarun loans |
| Stand-Up India Scheme | Entrepreneur support | Loans for women and SC/ST |
| PM SVANidhi Scheme | Vendor credit | Working capital loans |
| Kisan Credit Card (KCC) | Crop credit | Short-term loans for farmers |
| Crop Loan Interest Subvention | Loan support | Interest relief on timely repayment |
| Financial Literacy Programme | Financial awareness | Training and counselling |
| CGTMSE Scheme | MSME credit | Collateral-free loans |
| Emergency Credit Line Guarantee Scheme | Business stability | Extra credit during crisis |
| RBI Digital Currency Access Program | Digital finance | Safe digital currency transactions |
| Digital India Payments Drive | Cashless payments | UPI, BHIM, Rupay expansion |
| KYC Lite System | Easy onboarding | Simplified account opening |
| Lead Bank Scheme | Rural credit | Region-wise bank coordination |
| PM Formalisation of Micro Enterprises Scheme | Small unit support | Credit and training |
| Deendayal Antyodaya Yojana – NRLM | Rural income | Loans for SHGs |
| DAY-NULM | Urban livelihood | Support for small urban jobs |
| Jan Suraksha Initiatives | Social security | Life and accident safety |
| PAiSA Portal | Subsidy processing | Faster interest support |
| Women Entrepreneurship Platform | Credit for women | Financing and skill support |
| Financial Inclusion Fund | Banking coverage | Support for rural banking points |
| Business Correspondent Model | Rural delivery | Doorstep banking |
| Pradhan Mantri Vaya Vandana Yojana (PMVVY) | Senior security | Income through pension |
| Aam Aadmi Bima Yojana | Social protection | Life insurance for workers |
| LIC Micro Insurance Plans | Low-income coverage | Affordable protection |
| Postal Life Insurance (PLI) | Government employee insurance | Savings + life cover |
| Rural Postal Life Insurance (RPLI) | Rural insurance | Low-premium plans |
| Credit Guarantee Fund for Education Loans | Education credit | Collateral-free loans |
| PM CARES for Children Scheme | Child support | Insurance + savings assistance |
| Micro Finance Development Programme | SHG credit | Loan support |
| Self Help Group Bank Linkage | Women’s savings | Credit for SHGs |
| PM Garib Kalyan Package Insurance | Worker insurance | Risk cover for frontline staff |
| Farmers’ Distress Relief Scheme | Debt support | Repayment relief |
| MSME Champions Scheme | MSME growth | Technology and credit help |
| SIDBI Assistance Scheme | Small unit finance | Business development loans |
| Agriculture Infrastructure Financial Support | Rural finance | Storage and equipment funding |
| Renewable Energy Loan Programme | Clean finance | Loans for solar units |
| Credit Guarantee Scheme for Startups | Startup credit | Risk-free startup loans |
| Co-operative Bank Strengthening Fund | Rural banking stability | Capital support |
| PM Jan Suraksha Package | Insurance bundle | Combined basic insurance access |
| SHG Interest Subvention Scheme | Women groups | Interest relief for loans |
| Small Savings Schemes (SSS) | Household savings | PPF, NSC, KVP |
| Sukanya Samriddhi Yojana | Girl child savings | High return saving scheme |
| Senior Citizen Savings Scheme | Elder savings | Safe return investment |
| Direct Benefit Transfer (DBT) – Banking | Benefit delivery | Cash transfer to bank accounts |
| Unified Mobile Application for New-age Governance (UMANG) Banking | Digital services | Access to many schemes |
| RBI Ombudsman Scheme | Customer protection | Complaint resolution |
Recent Banking Schemes in India
Recent Banking Schemes in India focus on improving digital access. They strengthen loan support for individuals and small businesses. These schemes also promote inclusive financial growth in rural and urban areas.
| Recent Banking Schemes in India | ||
| Scheme Name | Purpose | Key Features / Benefits |
| Digital Financial Inclusion Drive 2025 | Expand digital banking access | Supports rural families, senior citizens, and remote areas; promotes mobile banking and UPI use |
| RBI Digital Currency Integration Support | Promote digital currency adoption | Ensures safe and transparent online transactions; helps banks upgrade secure digital currency systems |
| Credit Guarantee Expansion Scheme | Strengthen loan support for small businesses | Reduces collateral needs; extends credit guarantees for MSMEs |
| Updated KYC-Lite System | Simplify account opening | Enables easy onboarding with digital identity; helpful for migrants and rural applicants |
| Green Finance Support Schemes | Promote sustainable & renewable finance | Loans for solar rooftop, clean energy units, and waste-management systems |
| Women’s Financial Empowerment Scheme | Improve credit access for women entrepreneurs | Supports women-owned micro businesses; encourages formal banking and savings |
Benefits of Banking, Financial Services, and Insurance Schemes
Schemes under Banking, Financial Services and Insurance create equal financial opportunities for all. These programs provide social security, easy credit, safe savings, and stable financial planning.
1. Increased Financial Inclusion: The list of financial inclusion schemes in India brings more people into the formal banking structure.
2. Digital Payment Access: UPI, mobile banking, and other tools make transactions fast and secure.
3. Social Security Support: Insurance and pension schemes help families during emergencies.
4. Access to Credit: Government schemes related to banking provide loans for farming, small business, education, and self-employment.
5. Safer Savings: Bank accounts offer secure ways to hold money, receive benefits, and track spending.
6. Improved Financial Planning: Schemes under Banking,Financial Services and Insurance help with long-term planning, including retirement, business growth, and education.