........Speaking at the meeting of the District Level Review Committee and the District Consultative Committee of the District Lead Bank, held at the Karnataka Chambers of Commerce and Industry (KCCI) here on Tuesday, Mr. Joshi pointed out that there was little progress on the opening of rural branches in the district. “If rural residents do not get loans in a place near to them, they will approach moneylenders who may fleece them. If we have to free them from the high-interest loans taken from moneylenders, extending banking services to rural areas is essential,” he said.............
.........An RBI official from Bangalore, Vanita Purushottam, pointed out that the bank guarantee scheme for small industrialists had come into effect from May 2013 and asked bankers to extend the facility to rural areas.........
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