Public sector lender Union Bank of India has introduced a new financial inclusion plan called 'Unioninclusions.' The plan comes as a package of five schemes.
The scheme was inaugurated by Finance minister Mr Pranab Mukherjee. Mukherjee said that all banks should come up with technological innovations in order to increase penetration in rural areas.
The schemes under 'Unioninclusions' consist of setting up of 11 special branches targetted solely towards financial inclusion in six states along with offering biometric cards for remittance facility to migrant workers, reaching out to far flung and remote villages in Orissa through mobile van, launching a comic series aiming to spread financial literacy amongst rural households as well as solar power of Union Adarsh Gram.
Speaking on the event, Mr M. V. Nair, Chairman and Managing Director, Union Bank said that the branch network of the bank is aimed to be crossing the 30,000 mark this fiscal.