SBI seeks Government support in outreach activities

From our correspondent

Itagar, Sept 19: SBI Chief General Mager (North East Circle) PVSLN Murty called on Aruchal Pradesh Chief Minister Pema Khandu here on Monday and discussed various activities of the bank in the State.

In its bid to reach the unreached and take banking facilities to the remotest part of the State, Murty said SBI is rigorously promoting establishment of Customer Support Points (CSPs) through private parties and individuals.

He explained that people who are not in position to reach bank branches can avail all such services in the CSPs, except availing loans and updating passbooks at the moment. SBI has facilitated opening of 150 CSPs in the State, an official report informed here on Tuesday .

Murty, however, pointed that due to low population most of these newly opened CSPs are not making profits, which is disheartening the entrepreneurs who have taken up the responsibility to run these CSPs.

He requested the state government to help out such CSPs for the initial period of establishment.

The Chief Minister acknowledged the suggestion and expressed gratitude to SBI for its keen interest in taking banking facilities to remote corners of the State.

Referring to 44 unbanked blocks in the State, the Chief Minister requested SBI to open its branches or CSPs and assured support from local administration. He said that district administrations would be asked to provide logistical support to SBI in its outreach activities.

Murty assured that SBI through its regiol office in Itagar along with the government authorities would chalk out modalities to seamlessly implement schemes such as Bunkar Yoja and Swawlamban Yoja that calls for subsidized loan disbursement to beneficiaries, the report said.