As the part of the financial inclusion plan, the govt. has decided to have banks across all the Gram panchayats (GPs) in Bihar. As per the data it is noticed that there are still 4,378 panchayts devoid of banking facilities.
The govt. has asked the banks in the state to provide banking services in these areas through business correspondents till the new well furnished branches are developed. By the march next year, govt. is trying to set up banks across all the GPs. The State has 3,666 branches of different commercial banks and 1,953 GPs have bank branches.
The govt. has asked the panel of secretaries of Panchayati Raj, Women and Child Development, Cooperation and Information Technology departments besides regional heads of UCO Bank, State Bank of India and Central Cooperative Bank to sketch put the plan within time period of 1 month.