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Tuesday, Jan 22, 2008
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Opinion - Letters
Plan for the unbanked

This is with reference to the editorial “Workable plan for the unbanked” (Business Line, January 17). In spite of the endeavour of the commercial and co-operative banks to extend banking facilities to the rural poor, a chunk of them is left unbanked and have no access to the rural credit market.

Of course, co-opting the money lenders to satiate the needs of the unbanked and to bring them into the banking net is a pragmatic suggestion. When such intermediaries are linked to the non-governmental organisations (NGOs), the combined force will certainly penetrate the credit market and pave the way for the unbanked.

N. R. Nagarajan e-mail

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