Pilot project in Gujarat districts to expand reach of rural cooperative banks

A pilot project has been launched in Panchmahal and Banaskantha districts of Gujarat to expand the reach and capacity of rural cooperative banks. Bank accounts of all the members of cooperative societies are being opened in the District Central Cooperative Banks and Rupay Kisan Credit Cards are being distributed. The success of this model will be replicated in all districts to increase the footprint of rural cooperative banks. The pilot project has led to an increase in the flow of funds and number of transactions through Rupay Kisan Credit Cards.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QwEsrvD