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Karnataka Vikas Grameena Bank (KVGB) is planning to convert 100 villages under its jurisdiction as ‘digital villages’ for banking activities by the end of the current financial year.
KVGB is one among the few banks to take up the task of developing digital villages for banking activities soon after the demonetisation in November, according to S Ravindran, Chairman of the bank.
The bank has converted 25 villages under its jurisdiction as digital villages for banking activities till now.
(The bank has jurisdiction over Dharwad, Gadag, Haveri, Bagalkot, Vijayapura, Belagavi, Uttara Kannada, Udupi and Dakshina Kannada districts of Karnataka.)
On the plans to develop 100 ‘digital villages’, Ravindran said that each of the 10 regional offices of the bank has been given a target of converting a minimum 10 villages into ‘digital villages’ for banking activities by December.
On the existing 25 digital villages, he said the eligible population of the village are covered with bank accounts and these accounts are linked with Aadhaar.
The account-holders are given RuPay and Kisan cards. Mobile banking and internet banking services are also enabled for villagers through special camps in these digital villages, he said. The bank has been motivating banking correspondents in the digital villages to ensure micro ATM transactions in large numbers.
Stating that the digital banking has to reach common people and the farming community at the village level, he said cash mode of transaction is always insecure.
In this connection, the bank is not only creating awareness about less-cash transactions but also popularising digital banking activities through its network of more than 500 banking correspondents, he added.
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