Punjab Food and Civil Supplies Minister Adaish Pratap Singh Kairon on Thursday called upon the banking sector to tailor-made the online and mobile banking system for the rural clientele to cover 75 per cent of population living in rural areas in banking network.
Kairon, addressing the 132nd State level Bankers’ Meeting, said that the banking sector would have to be innovative, aggressive while offering facilities to rural clients and should focus on 100 per cent financial inclusion as that would be the first step for the banking sector of India to become global banking giants.
“Indian banks have potential to emerge as global banks only if they focus on including rural clients in their banking network,” he said.
Sharing the experiences of Food and Civil Supplies department, Kairon said that it was his initiative that payments worth Rs40,000 crores are being directly credited in the bank accounts of the farmers and traders that has totally diminished the inspector raj from the Food and Supplies department of the State.