Rajansiriyur in Belur taluk achieves 100 per cent financial inclusion
Rajansiriyur village in Belur taluk has undergone a sea change in the last two years in terms of financial inclusion. The village has achieved 100 per cent financial inclusion with every family either borrowing or depositing money in banks. This achievement became possible after Canara Bank, lead bank for Hassan district, took the initiative to develop the village as a model one two years ago. The Reserve Bank of India (RBI) conducted an outreach programme in the village in November 2009 to popularise the benefits of the bank's schemes and Canara Bank deputed a business correspondent to the village. In the last two years, the number of bank accounts in the village has gone up from 141 to 396. Similarly, the number of loan accounts has gone up from 223 in 2009 to 431 in the current year. The total advances in the village has also gone up from Rs. 98 lakh in 2009 to Rs. 1.02 crore and the total deposits has gone up from Rs. 90 lakh to Rs. 1.5 crore. The RBI conducted the second outreach programme in the village on Tuesday. P. Vijaya Bhaskar, Executive Director of the RBI, appreciated the efforts of the bank officers and role of the people in achieving good results. Chairman and Managing Director of Canara Bank S. Raman said that the bank would set up a branch in the village soon. RBI Regional Director Uma Shankar called upon residents to support banking activities so that the banks could deliver better services. On the occasion, the RBI screened short films on banking activities.
HBL
