Puducherry First To Achieve 100 Per Cent Banking Coverage

Union Territory of Puducherry has become the first in the country to have achieved 100 per cent banking coverage in all villages including those having a population of less than 2000 under the Financial inclusion programme launched by the Centre.

Announcing this at a function held in Puducherry on 22^nd Nov evening Chief Minister N. Rangaswamy said, the initiative had helped people living in villages get access to banking and financial services at their doorstep.

He urged public sector banks to quickly disburse educational loans and ensure that students from the economically weaker section pursue higher education.

Chairman of Indian Bank, T.M. Bhasin said, under the scheme all customers would not only have a bank account but will also be provided with General Credit card, Kisan Credit card and Micro Insurance.