Other States - Puducherry   

“Spread message of micro finance among villagers”

PUDUCHERRY: Chief General Manager of National Bank for Agriculture and Rural Development (NABARD) A. Ramanathan stressed the need for aggressive campaign by banks to spread the message of mirco finance in the country.

Delivering his key-note address at a function to mark the launch of “Right Choice Micro Finance Limited,” he said “micro finance is just like an insurance” and it needs to be promoted especially among the rural population.

Citing a recent study by National Sample Survey Organisation, he said 50 per cent of the people residing in rural areas did not have formal access to banking services.

If all-round development of the county had to take place, these segments of the population have to be provided access to banking services, Mr. Ramanathan said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Encroachments removed on the banks of Pallavakial
Red Ribbon Express in Puducherry on June 7, 8
Medical camp
Bandh supporters arrested
“Spread message of micro finance among villagers”
Applications invited
Power shutdown
NABARD official’s appeal to banks

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu