The Hindu Business Line : IOB-Sampoorna scheme extended

Indian Overseas Bank launched its `IOB-Sampoorna', a special scheme for total village development in the tsunami-hit Kameswaram village in Nagapattinam district. Mr G. Narayanan, Executive Director of Indian Overseas Bank, speaking at the function to launch the scheme, said that the bank had already launched the scheme in Kuthambakkam and Padur villages near Chennai and would introduce it in more villages. He pointed out that the IOB-Sampoorna scheme envisaged total village development covering greening of the villages, desilting of tanks and lakes, financial assistance to women and youth, better residential and medical amenities. The scheme also encompasses creation of awareness among the local populace about sanitation and modern techniques in agriculture. The adopted villages will be provided with health care, tree planting, educational classes, toilet facility, rural tourism and rural housing, he said. He also handed over `smart cards' to the villagers of Kameswaram. The smart card offers a perfect solution for door-step banking initiated through the process of financial inclusion in catering to the unbanked sector by providing a secure solution with mobility. - Our Correspondent

More Stories on : Public Sector Banks | Tamil Nadu | Rural Development

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

Stories in this Section
Investment banking venture

Forex reserves slump by $4.9 b

TCS, Infosys post slower EVA growth

Rupee rises on RBI intervention

NHB in talks with insurers

GIC signs pact with Hannover Re

United India micro office

Plea on health insurance

Bond prices drop by over Re 1

SEBI move on debt investment limits

SEBI clears Exchange Traded Currency Futures

ICICI Bank to focus on pvt banking

IOB-Sampoorna scheme extended

Case for hike in lending rates

PSBs to wait for RBI signals

Call rates end sharply lower