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Nabard helps banks to scale-up in extremist hit areas

NABARDNational Bank for Agriculture & Rural Development will support banks to open branches in un-banked villages in left wing extremist affected districts in the country. A letter from Nabard to heads of the scheduled commercial banks, regional rural banks and state cooperative banks, said that the expansion of banking network in the affected districts is critical for the empowerment of people in those areas. Nabard would offer support for solar-powered VSAT connectivity. According to Nabard, erratic connectivity is a major deterrent for the banks to open new branches in the extremist affected districts. With a view to expand banking in the affected districts, Nabard has been decided to provide VSAT connectivity support for new branches opening in the 150 districts from financial inclusion fund, it said in the letter.

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