RBI's financial Outreach Camp to be held
Source: Hueiyen News Service

Imphal, March 17 2012: Reserve bank of India (RBI) as part of its Platinum jubilee celebrations, had organized financial outreach Camps in various villages of the North Eastern States in the year 2009 and 2010 .

Encouraged by the response received and the success of the Financial Outreach Camps, Reserve Bank of India has now launched the third phase of such camps in the North East and is organizing another camp at Kimin Village in Arunachal Pradesh on March 26, 2012, according to a source from RBI.

The purpose of such camps is to bring awareness regarding banking facilities and make an attempt at making available such facilities to every adult citizen in the target area and for bringing them under the fold of mainstream banking.

It is very important for every adult citizen to have a bank account since a scheduled bank is not only a safe place to deposit his/her hard earned money, but also a channel which links the account holder with the broader network of payment and settlement platform enabling easy remittance and payments anywhere in India.

Moreover, all can get loans from the banking system at reasonable rates of interest under various schemes for all the requirements such as education, personal needs and for business.

Many of the schemes are primarily targeting Below Poverty Line citizens and underdeveloped areas of the country, the source maintained.

The Camp at Kimin Village on March 26, 2012 would be inaugurated by H R Khan, Deputy Governor, Reserve Bank of India.

Chief Secretary of Government of Arunachal Pradesh, Regional Director, Reserve Bank of India, Banking Ombudsman for North East, Chief General Manager, State Bank of India, NE Circle, Chief General Manager, NABARD, District Magistrates and Papumpare District will also be attending the camp.

To dissipate information on various facilities/schemes, stalls would be set up at the camp by RBI, Office of Banking Ombudsman, NABARD, various banks like SBI, UBI, UCo Bank, Arunachal Pradesh Rural Bank, Arunachal Pradesh State Co-operative Bank, NEDFi, SIDBI, KVIC, KVIB, NSIC, Agriculture/Veterinary Department, the source disclosed.

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