Banks signed MOU with state govt. for sale of sand in Andhra Pradesh
By Joseph Samson
Oct 28, 2014
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The state govt. in Hyderabad has signed MOU with 5 major banks of the country. The five banks namely State bank of India, Andhra bank, State Bank of Hyderabad, syndicate bank and Indian bank will open a separate account for sand mining.

It has been reported that the rates of the sand will be fixed and consumer will get the amount deposited as per the rate fixed and will get the receipt. Using the receipt and their Aadhaar card, customers can book sand from any Mee Seva centre or IKP-SERP website, from this the consumer will get the sand from the nearest closest to his place. The mining and sale of sand has been entrusted to self-help groups (SHG) as part of the campaign Pedarikam Pai Gelupu.

Through this MOU the banks will help the govt. in sales of sand. The rate of the sand is yet to be decided. The rate will be uniform all across the state.

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