Union Bank of India launched a financial inclusion initiative called ‘unioninclusions,' which includes five schemes. Finance Minister, Mr Pranab Mukherjee, inaugurated the initiative in Mumbai on Saturday.
Speaking at the inauguration, Mr Mukherjee urged banks to pursue technological innovations to reach out to the poor and marginalised households.
Five schemes
The five schemes under ‘unioninclusions' include opening of 11 specialised financial inclusion branches across six States, biometric card-to-card remittance facility for migrant labourers, mobile van banking to extend banking services to unbanked villages in Orissa, launch of a comic back series for spreading financial literacy among rural masses and solar power of Union Adarsh Gram.
Mr M. V. Nair, Chairman and Managing Director, Union Bank, said the bank's branch network would cross the 3,000 landmark with the opening of financial inclusion branches. The bank plans to open 100 more such branches across the country this year, he added.