The Hindu Business Line : PNB's financial inclusion project in Orissa

BERHAMPUR (Orissa): Punjab National Bank (PNB) has launched its first mobile banking service in Orissa as a pilot project at Daringibadi in tribal-dominated Kandhamal district.

The project aims to achieve financial inclusion in the district with its no-frills account.

The Chairman-cum-Managing Director of the bank, Mr K.C. Chakrabarty, said at Gopalpur, about 10 km from here: “It is a technology-based financial inclusion project and aims to cover vast unbanked rural people.”

“Initially, the project will cover Daringibadi, biggest block of the State and then gradually be extended to other parts of the district,” Mr B.P. Sharma, head of the Orissa circle, said.

The Orissa project was the eleventh such facility of the bank that aimed at covering 30,000 villages having 15 million households by 2010 AD under the rural financial inclusion programme.

The bank had already reached 10,886 villages and opened 5.32 lakh no frill accounts. – PTI

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