The Hindu Business Line : Financial inclusion in Kodagu

A bank release said here on Tuesday that Ms Devaki Muthukrishnan, Regional Director of Reserve Bank of India, Bangalore, formally declared the completion of the project at a special district consultative committee meeting. The meeting was organised by the Lead Bank Office of Corporation Bank at Madikeri recently. Ms Muthukrishnan congratulated the bank for having taken up the task of financial inclusion in Kodagu and Chikmagalur districts. Mr K.L. Gopalakrishna, Executive Director of Corporation Bank, urged the bankers to lend more under general credit card scheme to help poor people.

Under Kodagu project, 295 villages and 71 wards are covered. All the branches of scheduled commercial banks, regional rural banks and co-operative banks coming under the district took part in implementing the project.

Chikmagalur will be shortly achieving 100 per cent financial inclusion, the release said.

More Stories on : Public Sector Banks | Rural Development | Credit Market | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ICICI Bank fined Rs 2.2 lakh by HK court

Rupee weakens 4 paise

Bharti AXA Life trying out Shopassurance model

This CAMEL is worth the ride

Yes Bank pact for agri insurance

Banks want savings deposit rate hiked

Financial inclusion in Kodagu

Union Bank ramping up bullion biz

More banks hike lending rates

Bond prices decline 20 paise

Call rates cool down to 3.5%

ABN AMRO hikes deposit rates

Overseas, domestic players keen on IFCI stake buy

Merger of SBI associates opposed