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Demonitisation : Banking facilities in all panchayats

panchayat bank

Bhubaneswar: In a bid to let people a smooth ride over the uncertain and shaky after-impacts of demonitisation, the state government has decided to provide baking facilities at door step with temporary banking counters to cater to the needs of people in every gram panchayat (GP).

As per information, the Chief Minister has instructed to establish small banking counters at every GP whereby banking officials or business correspondents would enable people to exchange old notes and replace them with newly issued bills. Similarly, for the benefit of people smaller currency notes like Rs. 20, Rs. 50 will be made available.

Chief Secretary AP Padhi on Tuesday called for an urgent meeting between secretaries of finance, panchyati raj, RBI Regional Director, NABARD DGM, State level banking committee convener and some other officials to discuss the proceedings on preparing for providing these facilities in all the 44,00 panchayats in state.

RBI Director said adequate amount of Rs. 100 notes are available in the state. More Rs. 500 notes are coming. So these denominations will soon be made available for the rural people.

Chief secretary AP Padhi urged necessary steps to ensure banking facilities at every panchayat office. Similarly, he also stressed on increasing the transaction limits of these correspondents from Rs. 50,000 a request which will soon be made for the perusal of the Union Government.

Earlier, CM Naveen Patnaik had already requested the Union Finance Minister Arun Jaitely for providing banking facilities for more than 65 lakh people in the state.

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