Home » State News » Odisha Chief Minister launched 2000 CSP plus outlets under “AMA Bank”

Odisha Chief Minister launched 2000 CSP plus outlets under “AMA Bank”

Bhubaneswar: 29/82/24: Odisha Chief Minister Naveen Patnaik on Thursday launched 2000 CSP plus outlets under “AMA Bank” for providing banking services through CSP Plus banking outlets in all unbanked Gram Panchayats of the State.

Financial inclusion is the foundational premise of social and economic progress and empowerment of people. No country or state can ever attain inclusive growth without achieving financial inclusion for its people. Reaching out to the people at the bottom of the pyramid and delivering public services to the last mile fairly and transparently, has been the highest priority agenda of Government.

However, financial inclusion has remained a challenge as the geographical penetration of banks in the state has been rather dismal. About 65% of total gram panchayats do not have a brick-and-mortar bank branch, leading to severe challenges and difficulties in accessing banking services and availability of Direct Benefit Transfer for a majority of people in rural Odisha.

Therefore, the Government of Odisha in collaboration with 6 public sector banks namely SBI, PNB, UBI, UCO Bank, Bank of India and Bank of Baroda has launched an ambitious and people-centric scheme named “Ama Bank” to provide banking services through CSP Plus banking outlets to every unbanked GP.

The scheme is being implemented in a phased manner to cover all unbanked GPs of the State within the current financial year 2023-24. The Government of Odisha is providing rent-free banking space for 5 years along with electricity and internet connectivity. The State Government is also bearing one-time expenses for Fixed Costs & Recurring expenses for three years. A provision of Rs. 500 Cr. has been made for this purpose.

In the first phase, 750 CSP plus outlets were opened which are rendering full-fledged banking services like deposits, advances, remittances, Loan, Aadhar Enabled Payment systems, credit linkage to SHGs, coverage under social security schemes, etc. free of cost. The poor rural people in Odisha do not have to travel long distances anymore to avail the benefits under different schemes, particularly KALIA, MAMTA, and old age Pension or to apply for a small business loan. This is truly inclusive and empowering for the people of the State.

The Programme was attended by Finance Minister Bikram Keshari Arukha, Chief Secretary, P.K. Jena; DC–cum- ACS, Anu Garg; Pr. Secretary, Finance; Pr. Secretary, PR & DW Dept, Pr. Secretary, E and IT Dept; CGM SBI and Controlling Heads of All Banks. Pr. Secretary, Finance, Vishal Kumar Dev offered the welcome remarks and Vote of Thanks was given by Director, Institutional Finance, Dr. Pragyansmita Sahoo.

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.

Check Also

BJD announced its list of 40 star campaigners for the first two phases of ensuing elections

Bhubaneswar: 20/4/24:Odisha’s ruling Biju Janata Dal (BJD) on Saturday announced its list of 40-star campaigners for the first two phases of ensuing elections in the State. Chief Minister and BJD ...