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Initiative to bring rural masses under banking system by SBI
Published on 16 Feb. 2011 12:35 AM IST
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With a view to engaging village development boards (VDBs) as business correspondent (BC), a meeting with selected 25 VDB secretaries of various villages covering all districts of Nagaland was organized by State Bank of India, Regional Business Office, Dimapur at its Conference Hall Tuesday. The meeting was chaired by deputy general manager (RBU) SBI Local Head Office, Guwahati and attended by senior bank officials from SBI LHO, Guwahati and regional business office, Dimapur and also representatives from Zero Mass Foundation and Dhristi Foundation.
SBI is engaging banking correspondence in 162 villages in Nagaland as allotted in State Level Banker’s Committee Meeting.
AGM, SBI RBO stated that with the support of RD Department Government of Nagaland, State Bank will cover all the villages having population above 2000 by engaging BCs from selected VDBs in a phased manner.
Addressing the meeting DGM, SBI LHO, Guwahati expressed happiness on active co-operation of VDBs from various district of Nagaland.
He explained the role and functions of BCs towards successful implementation of financial inclusion in the state of Nagaland.
A threadbare discussion took place in the meeting, interacting with VDB secretaries and a power point presentation on functioning of BCs was made by assistant general manager (RBU) from SBI, LHO, Guwahati.
A definite timeline for implementation of the initiative was also set in the meeting.

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