SEED to implement financial inclusion project of Indian Bank

Smart cards to connect 5,500 villages to Banking services

PTI | December 30, 2010



SEED Financial Services, a leading Business Correspondent, today said it has got Indian Bank's financial inclusion project in Tamil Nadu.

The smart card-based project will help provide banking facility to around 5,500 villages earmarked under the Indian Bank's financial inclusion project, SEED Financial Services said in a statement.

The project of Chennai-based public sector bank will help bring an estimated 11.92 lakh households or around 23 lakh people under the fold of banking services, thus leading to inclusive growth, it said.

The government has already directed banks to provide appropriate banking service to unbanked area with a population in excess of 2,000.

Currently, only 35,000 villages out of six lakh villages in the country have bank facility.

 

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