Wednesday, March 6, 2013

RuPay cards to reach out to more farmers by June 30

The National Bank for Agriculture and Rural Development (Nabard) wants the RuPay-enabled debit cards to reach out to a larger rural population and has asked all district central cooperative banks to implement core banking system by June 30.........

.........P M Ghole, General Manager at the Regional Office of Nabard, said, "Nabard will bear the entire cost of making the cards to be distributed to farmers and subsequent transactions for the first three years. We have also asked the DCC banks to appoint correspondents with point of sale machines and conduct training programmes for rural people who will be using such cards for the first time."........

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