Hughes Communications India has connected over 12,000 off-site ATMs and rural bank branches with a secure broadband satellite network in 2014. According to a company statement, one of the biggest bottlenecks facing development in India is the lack of financial inclusion for the masses in under-served areas and Hughes has been at the forefront in helping fulfill prime minister Narendra Modi’s Jan Dhan Yojana mission to put development on the fast track by ensuring that almost every Indian across 600,000 villages has access to banking services. The new contracts were awarded to Hughes by eight banks – Punjab National Bank, HDFC Bank, Oriental Bank of Commerce, Bank of Baroda, IDBI Bank, Dena Bank, Punjab & Sind Bank, and Odissa Gramya Bank. The contracts are valued at Rs.30 crore, the statement added.
