Professional Documents
Culture Documents
Yojana Summary March 2020
Yojana Summary March 2020
Union Budget 2020-21: Safer Deposits, Stronger Cooperative Sector Banks & Major
Boost to MSME
Three most important proposals related with the banking sector, were declared to be implemented. These
are:
I. Insurance Cover on Deposits
• Insurance cover on deposits means how much money will be paid to the depositor if the bank is
closed due to some reason or goes bankrupt.