The focus of the scheme is to achieve 100% financial inclusion for all BPL families. It would also seek to promote self-help groups, farm clubs with the participation of NGOs and other development agencies
India's largest bank, the State Bank of India (SBI) is planning to revive its village adoption scheme under corporate social responsibility programme, reports PTI.
The decades-old scheme, now rechristened as "SBI Ka Apna Gaon", will seek active support of village panchayats in Uttarakhand and other states for its revival.
Its main purpose is to achieve 100% financial inclusion for all below poverty line (BPL) families. It would also seek to promote self-help groups (SHGs), farm clubs with the participation of NGOs and other development agencies.
The scheme would focus on credit requirements of all eligible rural households and link community services with SBI banking services.
The bank has already started identifying villages in this regard and has organised a detailed survey wherein the bank's staff members would act as bridge between the villages and the bank.
In Uttarakhand, SBI would work in tandem with the state government, which has also launched a similar "Atal Adarsh Gram Yojna" in all 670 nayay panchayats. One village in each nayay panchayat will be identified under the SBI scheme, with the thrust on development of rural social and infrastructure facilities to remove regional imbalances.
"In our various meetings with the government, we have been given the task to provide banking facilities in all these villages by the state government", said an SBI official.
Meanwhile, chief minister Ramesh Pokhriyal Nishank has instructed top officials to work in close partnership with banks for strengthening facilities in villages.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam

Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
