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BoI to offer Mudra loans to CSCs

bank of indiaBank of India has entered into a memorandum of understanding with Common Services Centers (CSCs) e-Governance Services India which would allow operators of CSCs to avail Mudra loans for developing their IT infrastructure. According to CSC e-Governance Services India CEO Dinesh Kumar Tyagi, the facility by BoI will allow village level Entrepreneurs who operate the CSCs, to enhance their existing infrastructure, invest in computers and other equipment. In turn, it will help promote digital literacy in the country as CSCs offer a host of services, he said. There are close to two lakh CSCs in India offering services ranging from financial inclusion to enrollment for Aadhaar and education services. CSC e-Governance Services have sent similar proposals to other banks also.

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