GK & Current Affairs!
President inaugurated 'Namami Brahmaputra' festival in Assam | 02-Apr-2017 13:50
Odisha to bring banking to remote rural areas through Self Help Groups | 29-Mar-2017 16:40
Odisha became the first state in the country to carry financial inclusion and extend banking services to unbanked areas through Self Help Groups (SHGs).
The state government signed an agreement with State Bank of India in this regard.
In the first phase SHGs would be engaged as Banking Correspondents in around 1,000 remote Gram Panchayats having no banking facilities.Gradually it would be extended to 4,000 non-banked panchayats. Sources said the system would be of great help to people in rural areas under social security schemes like Pradhan Mantri Bima Surakshya Yojana, Pradhan Mantri Jeevan Jyoti Yojana, Atal Pension Yojana etc and would also be helpful in promotion of digital banking.