Finance minister launches EASE 3.0 for tech-enabled banking

News:The Finance Minister has launched Enhanced Access and Service Excellence (EASE 3.0).

Facts:

About EASE:

  • EASE are a set of banking reforms which aims to incorporate technological aids for ensuring better banking experience, wider financial inclusion and easier credit distribution.

About EASE 3.0:

  • EASE 3.0 aims to provide advanced solutions that will make the public sector banking smart and technology-enabled.
  • It will include facilities like Palm Banking for End-to-end digital delivery of financial service, Banking on Go via EASE banking outlets, digitalised branch experience, tech-enabled agriculture lending among others.