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Odisha Government, represented by Finance Department, entered into a MoU with Six Public Sector Banks

Bhubaneswar:13/9/23:The State Government, represented by Finance Department, entered into a Memorandum of Understanding (MoU) with Six Public Sector Banks, namely SBI, PNB, Union Bank of India, UCO Bank, Bank of India and Bank of Baroda for providing banking services in all unbanked Gram Panchayats of the State through CSP Plus banking outlets.

Out of 6798 GPs, around 65% of GPs (4373 GPs) do not have brick and mortar branches. Since banking is an essential service for financial inclusion, Govt of Odisha has therefore come forward with an ambitious scheme for providing banking services to every GP through CSP Plus banking outlets
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The scheme will be implemented in a phased manner to cover all unbanked GPs of the State with in the current financial year 2023-24. Govt of Odisha will provide rent free banking space for 5 years. The State Govt will also bear one-time expenses for Fixed Cost & Recurring expenses for a period of three years. A provision of Rs. 500 Cr. has been made for the scheme.
This is one of the land mark initiatives by any State Government to transform financial inclusion and take it to the next level in line with the 5T Mantra of Hon’ble CM. Odisha is the first State in the entire country to adopt such an exemplary model for providing banking services to all GPs.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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