Finance minister Arun Jaitley today asked heads of public sector lenders to take commercial decisions without fear or favour. Speaking at a meeting to review the quarterly performance of the public sector banks and financial institutions in New Delhi today, Mr Jaitley advised banks to facilitate appropriate credit expansion to meet the needs of the productive sectors of the economy to sustain the momentum of economic growth. He said, the government is committed to provide financial autonomy to banks, in letter and spirit. Mr Jaitley insisted that the banks should have strong public grievances redressal mechanism in place, so that their clients do not have to approach the government to redress their grievances. The Finance Minister said, banks should adopt differentiated strategies and capital augmentation plans through innovative financial instruments, which will allow the banks to meet their capital requirements. Appreciating the work done by banks in Pradhan Matri Jan Dhan Yojana, Mr Jaitley said achieving near total financial inclusion in a short period of time has shown that the banking system is capable of delivering the desired output when the energies are focused on the priority area. He also mentioned specific budget announcements made, while delivering his Budget Speech 2015-16 to introduce Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana. Mr Jaitley said that he expected that Public Sector Banks will play an active role in successful implementation of these schemes.