The largest public sector lender in the country, State Bank of India has announced completion of its share of villages in Andhra Pradesh. The villages were covered under Financial Inclusion Plan. Further, the bank has completed the task well before three months to the dead line.
Through the plan, government intends to extend basic banking facilities to the people residing in the rural and remote areas of the country. The scheme is implemented to the villages with a population more than 2,000. March 2012 has been set as the deadline for the banks to do so.
Chief General Manager of SBI, Hyderabad circle, Mr. Rakesh Sharma said, "We have covered these villages through bank branches for 35 villages, Business Correspondents for 1,157, bank on bike model for 162 and bank on wheels for 15 villages."
He also said, "We have also introduced two four-wheeled vehicles in the State which cover 15 villages."