Q. SPARSH initiative, recently seen in news, is related to which ministry?
Answer:
Ministry of Defence
Notes: The Defense Accounts Department (DAD) collaborated with four banks to enhance its SPARSH program for pension administration. Banks like Bank of India, Canara Association, Central Bank of India, and Utkarsh Small Finance Bank will establish SPARSH service centers in 1,128 branches nationwide under MoUs. This initiative aims to streamline pension management, ensuring direct payments to beneficiaries. SPARSH, a Ministry of Defence initiative, seeks to bring efficiency, responsiveness, and transparency to defense pension administration.