SBI 5,000th rural branch inaugurates by Finance Minister
Union Finance Minister Pranab Mukherjee inaugurated the 5000th Rural Branch of State Bank of India (SBI) at Kandi town of West Bengal’s Murshidabad district.
The branch is at Sagardighi Railway Station on-line from Mohan Bagan Ground in Kandi where he also inaugurated 13,333rd Branch of SBI at Kandi Bus Stand and 22,222nd ATM of State Bank Group.
The function was presided over by O.P Bhatt, Chairman, State Bank of India.
Following the decision of the Ministry of Finance, of covering every village in the country with a population of 2000 and above with banking services, SBI has set itself a challenging task of covering 12,421 such unbanked villages by March 2012 under its Financial Inclusion Plan(FIP).
The SBI said it aims to cover 5357 unbanked villages upto March 2011 of which 2017 villages with population of 2000 and above have already been covered till 31 January 2011.
On this occasion, loans were disbursed at the auspicious hands of Mukherjee to beneficiaries under various rural and agriculture development schemes of the Bank like Kisan Credit Cards (10,001 loans, Amounting Rs.35.00 crs), SHG Credit linkage (1,001, Amount Rs.4.00 crs), DRI (501 loans, Amount Rs.0.50 crs), Educational loans ( 51 loans, Amount Rs.1.00 crs), Housing Loan(No :101,amount : Rs 5.00 crs and loans under SME (No. 101, Amount Rs.54.50 crs).
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