New Delhi: Prime Minister Narendra Modi launched two customer centric initiatives of Reserve Bank of India (RBI) , here today via video conference. The Prime Minister said the two schemes, Retail Direct Scheme, and the Reserve Bank – Integrated Ombudsman Scheme, will expand the scope of investment in the country and make access to capital markets easier, more secure for investors.
Retail direct scheme has given small investors in the country a simple and safe medium of investment in government securities. Similarly, One Nation, One Ombudsman System has taken shape in the banking sector with the Integrated Ombudsman Scheme today, he said.
Modi emphasized the citizen centric nature of these schemes. He said while the Integrated Ombudsman Scheme will go a long way in grievance redressal, the Retail Direct Scheme will give strength to the inclusion of everyone in the economy as it will bring in the middle class, employees, small businessmen and senior citizens with their small savings directly and securely in government securities. As Government securities have the provision of guaranteed settlement, this gives assurance of safety to the small investor, he said.
The Prime Minister said the needs of the citizens had to be at the center and the trust of the investors had to be strengthened. “I am confident that RBI will continue to strengthen India’s new identity as a sensitive and investor-friendly destination,” he said.
– global bihari bureau
