Personal loan lender Andhra Bank launches its financial inclusion plan in full swing
by 28, August, 2010 0 |
Financial inclusion plans of personal loan lender, Andhra Bank is going gradually towards its goal of financially covering 1144 villages in many states by March 2012.
RBI had directed that all banks should offer banking amenities in the villages whose population is 2000+. In order to complete this job, Andhra Bank is resorting to the business correspondent model as well as Information Communication Technology (ICT).
Regidi Appadu, Deputy GM of Berhampur Zone, Andhra Bank said, “We have already started payment of social security pensions through the Smart Card in some of the branches in Srikakulam district of Andhra Pradesh”.
He added, “Similar service will be launched in south Orissa’s Ganjam and Gajapati districts very soon”.
By using the new scheme launched by the bank, it plans to collect as much as Rs 220 crore deposits, offering highest interest rates than any other PSU bank.
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