Tuesday, February 15, 2011

72,000 Villages More to get Banking Services


Banking services will be extened to about 72,000 villages in the country with a population of over 2,000 by March 2012, according to Deputy Governor,Reserve Bank of India Thorat.
According to Usha Thorat, of the six lakh villages in the country about 1 lakh had a population above 2,000. Of these,72,000 villages did not have banking services. RBI had launched a programme to extend banking services to every unbanked village.

RBI was giving special incentives to banks for the financial inclusion programme in north-eastern states by providing satellite links and subsidy. 

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