2023 2024 EduVark > Education Discussion > Banks Related


  #2  
October 28th, 2017, 03:10 PM
Super Moderator
 
Join Date: Mar 2012
Re: State Bank of India Zero Mass

To connect with the general population in the unbanked rustic territories, the State Bank of India (SBI), the biggest open segment bank, plans to cover all the Gram Panchayats (Gps) of Orissa under 'Business Correspondence Model'. This is being done in accordance with the Reserve Bank of India (RBI) rules on budgetary consideration.

Under the arrangement, open 'Keeping money Outposts' will be opened in 6234 Gram Panchayats (GPs) of the state in joint activity of SBI and the Orissa government. SBI has reserved in the Mumbai based Zero Mass Foundation (ZMF) as Business Correspondent for the plan.

The Zero Mass Foundation (ZMF) will function as a BC to convey monetary administrations, including National Rural Employment Guarantee Scheme (NREGS) wage installments, in the provincial ranges. ZMF will enlist and prepare individuals at the client benefit focuses to enlist clients and give managing an account benefits in the towns. Orissa will be the primary state in the nation where every one of the GPs will be associated by one bank through Business Correspondent model.

The financial inclusion vision of providing all households with bank accounts is expected to be realised by this initiative.

"Orissa will be the principal state in the nation where all the Gram Panchayats will be associated by the State Bank of India through saving money stations", Shiva Kumar, boss general chief (CGM), SBI, Orissa circle, disclosed to Business Standard. The bank will go into a reminder of comprehension (MoU) with the state Panchayatiraj division on Tuesday in such manner. SBI, which has 616 branches in Orissa, needs to connect with the general population in the rustic ranges. While the BC model will at first be utilized for making installments to the recipients under NREGS, the state government will utilize this set up for implem\entation of other social advantage plans like maturity annuity.

Since opening up of branches in all areas is impractical, the bank will vigourously scrutinize this model for connecting with all towns in the state. It will extend the framework even to cover the destitute individuals who are working outside the state to make installments to their families dwelling in the state, Kumar included.

Press Information Bureau, Government of India - Ministry of Finance on Zero Mass Foundation

  #3  
December 18th, 2019, 06:53 PM
Chandandas Panka
Guest User
 
Re: State Bank of India Zero Mass

I want to take any kiosk Bank CSP point


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