Hyderabad,March 27 Reserve Bank of India Regional Manager A.S. Rao has said that Financial Inclusion is the only method to reach out to interior villages and clear the disparities in the society. He said that with the help of lead banks in the districts, RBI wants to bridge the gap between banker and villager and see that all the banking services will reach to all villages.
Participating in assets distribution camp under Financial Inclusion Literacy programme in Devarapalli in the Agency on Saturday along with ITDA project officer Ronald Rose Mr. Rao said that in East Godavari with the support of Andhra Bank they could reach out to interior villages in extending banking services to tribal people. He said that the concept of Financial Inclusion includes opening of bank accounts to all villagers in a selected village and explain about the operations to the youth in that particular village through literacy programme. Mr. Rao said that they would avail the services of unemployed youth . He explained the concept that there are 2,700 villages in the State where there are no banks in which by March 2012 they want to start these correspondence services.
Mr. Ronald Rose, Project Officer ITDA said that tribal women should make use of the loans offered by the banks and repay them on time. The villagers asked the Project Officer to open Andhra Bank branch in Maredumilli for which he said that he would forward the representation to the CMD of the bank. The Project Officer asked the RBI officials to arrange loans to tribal people in Agency area.
Mr. Rao distributed Bolero vehicle worth Rs.7 lakhs, to a tribal man, Rs.14 lakh bank linkage, and Rs.13 lakh to small scale industries . Andhra Bank DGM Mr. Doraiswami, Lead Bank Manager Mr. Jagannatha Raju, RBI AGM Mr. Kiran Kumar and others participated.
–Agencies