As part of its financial outreach programme in tune with national priority, city-based private sector Karnataka Bank Limited is all set to launch KBL-Empower Biometric smart card at Babbur in Hiriyur taluk of Chitradurga district on Wednesday. P Jayarama Bhat, managing director of the Bank, will launch the card in the presence of Range Gowda, CEO, Chitradurga ZP who will distribute the card to the beneficiaries. With this, the bank is...
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Punjab Dy CM requests RBI Governor to promote debt swap scheme for farmers
The Punjab Government Thursday requested the Reserve Bank of India that it should impress upon Public Sector banks to aggressively promote Agricultural Debt Swap scheme to free the farmers from the clutches of moneylenders. The Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal raised this issue when Dr. D. Subbarao, Governor, RBI today called on him. The Deputy Chief Minister impressed upon the Governor that the Punjab farmers reeling under Rs....
More »RD ministry seeking bidders for Rs 2,162 cr NREGA biometric project by Brajesh Kumar
The mammoth Rs 2,162 cr NREGA biometric project that will enable real time data capture of crucial processes such as attendance and measurement for muster roll preparation has finally kicked off with rural development ministry inviting expression of interest from the private sector companies. “The ministry of rural development envisages that the existing processes under NREGA can be digitized through a biometric based ICT solution that can be implemented at the...
More »State Bank to jack up rural lending by 25% by Anita Bhoir
State Bank of India, the country’s largest bank, plans to scale up its rural book in keeping with its objective to increase Financial Inclusion. The bank plans to increase its rural lending book by 25% and its deposit base by about 28%,’’ said Jayanta K Sinha chief general manager, rural business, SBI. The bank is also in the process of teaming up with corporates, who would be Business Correspondents(BC). “In keeping...
More »A Thought For Food
Given the scale of UPA-II's proposed food security programme, getting the recipe right was never going to be easy. But even accounting for their differences, the National Advisory Council (NAC) and the government are having more problems than expected pushing the right to food legislation. Two NAC proposals have been rejected by the ministry for consumer affairs, food and public distribution, with the result that a fresh draft may need...
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