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Banking the unbanked - BoB & UP govt

Fin inclusion by Yogi: BoB training 30K women banking correspondents

Yogi govt rolls out BC Sakhi scheme

CM Yogi starts Mission Rozgar, Mission Shakti, Mission Kalyan to make UP self-reliant.

LUCKNOW, June 30 (The CONNECT) - As part of its ongoing mission to empower women and make banking services available to villages across the state, the Yogi government in Uttar Pradesh has launched BC Sakhi Scheme to 58,000 banking correspondents.

Under the State Rural Livelihood Mission, 30,000 women are being prepared for the banking correspondent’s job in cooperation with Bank of Baroda. The UP Industrial Consultants Limited is also making its contributions as a partner in this initiative.

The State Government has already recruited and trained 17,500 banking correspondents under BC Sakhi while training the remaining is underway, Additional Chief Secretary of the Rural Development Department Manoj Kumar Singh said.

Money is being transferred to the 17,500 women who have already completed training.

The Yogi Government’s initiative has also made it convenient for people to withdraw and deposit their money in villages. They no longer need to visit banks and queue up for long hours.

CM Yogi has started Mission Rozgar, Mission Shakti and Mission Kalyan to lead UP to become a self-reliant state. The concerned organisations have also accelerated their efforts to implement the master plan prepared by the Government in this regard.

Earlier, the Government appointed 500 male and female banking correspondents through Uttar Pradesh Scheduled Castes Finance Development Corporation Limited.

The Government gives priority to retired soldiers and teachers as well as women in the appointment as Banking Correspondents.

The mandatory requirements for an applicant for a banking correspondent’s post include completion of 12th grade, should be computer-friendly and should not have a police case against him or her, apart from the written test.

According to Dharmendra Singh, a resident of Barhalganj village in Gorakhpur district, the banking correspondent scheme of the Government has benefitted him immensely. He was earlier associated with the garment industry and the job of a correspondent has given him both respectability in the society and an opportunity to serve people.

Echoing similar views, Asif Ali from Sethal village of Bareily district said that it is providing him with monthly income, enabling him to plan his future. Ali earlier worked as an Aadhar card agent and ran an internet café.

Similarly, Mohsin Mirza from Nakhas Village in Lucknow remarked that the BC Sakhi scheme has offered people a major source of livelihood while at the same time making bank transactions in villages much easier for the rural folk.

Bhagwan Das from Sonbhadra said that the scheme has not only provided him with a job and enabling him to increase his income is increasing every month, but also benefiting customers immensely in facilitating convenience in banking transactions.

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