Indian Bank has set up an ‘Indian Bank Self Employment Training Institute ' in Tiruvallur district near Chennai to impart skill development training to the rural masses to enable them to undertake self-employment ventures.
The bank has also set up a Financial Literacy and Credit Counselling Centre.
This was disclosed by the bank's Chairman and Managing Director, Mr T.M. Bhasin, at a function at the Palavedu village in the Tiruvallur district, near Chennai. On the occasion of the visit of Mr Rakesh Singh, Additional Secretary, Financial Services, Ministry of Finance, Government of India, Indian Bank, distributed smart cards to some villagers.
The villagers were sensitised to the uses of smart cards and also of opening bank accounts. They were also told how to avail themselves of the facilities offered by the local banking correspondent.
Mr Bhasin said that the financial inclusion movement in the country was initiated by Indian Bank in Puducherry in December 2005, as the National Pilot Project on Financial Inclusion. (Incidentally, the then Chairman and Managing Director of the bank was Dr K.C. Chakraborty, who is today a Deputy Governor in the Reserve Bank of India.)
Today, Puducherry is the first State in the country to have completed banking coverage of all the villages with population over and below 2,000 under financial inclusion.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.