Pragathi Gramin Bank, headquartered in Bellay, has tied up with MphasiS for delivering technology-based solutions.
Pragathi Gramin Bank, a regional rural bank has opened 23 new branches and 30 ATMs in its service area of eight districts.
R K Dubey, chairman and managing director, Canara Bank, launched seven Financial Literacy and Credit Counselling Centres (FLCCs) and three Self Help Group (SHG) promotion projects.
Addressing the customers and staff of Pragathi Gramin Bank, Dubey said, “The bank is no less than any commercial bank and you should grow fast. Each branch should have one on-site ATM.”
“Through the use of technology provided by MphasiS and Integra Micro Systems, the bank should help the poor and needy. You should also take the banking to every village in eight districts,” he added.
Pragathi Gramin Bank, headquartered in Bellay, launch mega financial inclusion initiatives at Basava Bhavana and also launched credit linkage to SHGs sponsored by Samukha, Kanakagiri.
Dubey said that there should be an accelerated and sustained expansion of their SHG activities so that more of the underprivileged get exposure to institutional finance.
Chairman of Pragathi Gramin Bank M G Bhat said that in the mass credit linkage of SHGs through Samuha – linking 500 groups with a loan amount of Rs 5 crore has already been completed. Two hundred more are taken up in the second leg and among them 135 linkages have been completed.
In association with bank’s service provider Integra, Pragathi Gramin Bank launched extension of online facility for smart card holders. Dubey inspected the exhibition of Kinnal artefacts and demonstration of solar energy products and declared Talur as a total solar village.
Delivering his welcome address Bhat said, “The bank has tied up with MphasiS for delivering technology-based solutions. MphasiS, has delivered and deployed 30 ATMs across the bank's branch network. This is the first batch of ATMs deployed. The operation of ATMs by MphasiS will be in the form of company managed service.”
“The Sri Kshetra Dharmasthala Rural Development project (SKDRDP) is a public trust doing great service in empowerment of people. Having been active in Shimoga and Chitradurga districts, it is extending its reach to Bellary, Koppal and Raichur districts where peoples’ mobilisation holds a big opportunity,” he added.