SREI Infrastructure Ltd aims to install around 25,000 white label ATMs in rural areas in India. SERI is taking benefit of the policy to throw open the segment for non-banking entities.
Mr. Hemant Kanoria, Chairman and Managing Director of SERI Infrastructure said that the company has already applied to the Reserve Bank of India. SERI proposes to locate these white label ATMs at Common Service Centres (CSCs) which is operated by Sahaj e-Village Ltd, a SERI group entity.
The final action will be subjected to RBI's approval. These Common Service Centres are being set up under the Government's plan to bridge the digital divide between the Rural and urban areas, Said Mr. Hemant.
The company has appointed Bharat Technical Solutions Pvt Ltd (BPTSPL) as a project management consultant (PMC) for install its white label ATMs. Sahaj e-village is working to set up and manage around 28000 CSCs across six states including Tamil Nadu. The ATMs made will be rugged to stand dust, large temperature variations. ATMs will not be air conditioned.