The largest lender of the country, State Bank of India has plans to rejuvenate its village adoption program as a step towards corporate social responsibility.
The scheme is a very old one dating decades. It has been renamed now to "SBI Ka Apna Gaon". In order to revive the scheme, the bank would be seeking support of village panchayats in Uttarakhand and other states.
The major motive behind this plan is to achieve total financial inclusion for all families below the below poverty line (BPL). The bank would also seek support and help from self help groups (SHG) and NGOs and other development agencies.
The bank has already started selecting villages for the same. Financial inclusion is the need of the hour.
"In our various meetings with the government, we have been given the task to provide banking facilities in all these villages by the state government", said an SBI official.