The Hindu Business Line : Hooghly to come under 100 pc financial inclusion

For Hooghly, full financial inclusion is knocking at the door. The district has been identified for a 100 per cent financial inclusion project, which — when completed — will make it the first such case in West Bengal.

Hooghly, which has more bank branches than many others, will fit into a plan outlined by the Government and referred to often in banking circles. Fledgling financial inclusion programmes are starting elsewhere — not in the State, though — and recent efforts by way of a pilot project in Puducherry are well known.

Senior Reserve Bank of India sources said a number of banks (about half-a-dozen) would be involved in the project.

These will include some of the Kolkata-based entities as well. The central bank has stressed on the need to achieve greater financial inclusion, especially with reference to low-income earning households.

At another level, a plan is underway to bring down the number of RRBs (regional rural banks) with the aim of having one RRB per sponsor bank. There are a few RRBs in the State at the moment.

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