R Amalorpavanathan, Deputy Managing Director (DMD), National Bank for Agriculture and Rural Development (NABARD), on Wednesday flagged off Mobile ATM Van at NABARD regional office here.
NABARD support has been extended to Chhattisgarh Rajya Gramin Bank under Financial Inclusion Fund (FIF). The van is equipped with mini ATM which has features like inter operable cards for financial transactions, a NABARD press release informed.
The Van also has KIOSK modules with micro-ATM and AEPS facility, enabling people of remote areas who have no banking facilities presently to make transactions through new technology. KIOSK module also offers to open new account.
The van is equipped with financial literacy materials in vernacular language to spread financial awareness among rural masses. The van also has lED TV and sound system, showing the process of transaction through RuPay Kisan cards, UPI, *99# and Govt. sponsored programmes aiming towards financial literacy and security.
Interacting with the senior bankers and government officials, the DMD expressed that increase in Term lending, financing of Joint liability Groups (JlGs) and focus of both bankers and line departments on the deliverables in credit planning will go a long way in doubling of farmer’s income by the year 2022.