Hon’ble Chief Minister Shri Naveen Patnaik launched a historic and path breaking scheme named “AMA Bank” for providing banking services through CSP Plus banking outlets in all unbanked Gram Panchayats of the State. The scheme will be implemented in a phased manner to cover all 4373 unbanked GPs of the State with in the current financial year 2023-24.
Ama Bank is a low cost brick and mortar micro bank branch which sits between a BC and a small bank branch and will provide all necessary banking services like deposits, advances, remittances, Loans, Aadhar Enabled Payment System, credit linkage to SHGs, coverage under social security schemes etc. Besides, Senior citizens, differently abled people and pregnant women will get door step banking services and avail Direct Benefit Transfer in a timely and hassle free manner. The poor rural people in Odisha will not have to travel long distances to avail the benefits under several of our schemes, particularly Old Age Pension, KALIA and MAMTA etc or to apply for a small business loan.
This will be truly inclusive and empowering for the people of the State. Odisha is the first state in the entire country to conceptualise and implement such a holistic scheme for Financial Inclusion. CSP Plus model innovated by Odisha will become a model for the rest of the country.
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 delivery of public services to the last mile in a fair and transparent manner, has been one of the highest priority agenda of Government.
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