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MoS Finance Bhagwat Karad urges banks to improve credit penetration in north-eastern states

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October 29, 2021 / 02:22 PM IST
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Minister of State for Finance Bhagwat Karad has asked lenders to improve banking access points and also increase credit penetration in north-eastern states.

Karad, who is on a week long tour to Assam, Tripura and Manipur, reviewed the performance of various flagship schemes of the government aimed at expediting development in the north-east.

The minister advised banks through the State Level Bankers’ Committee (SLBC) to increase general awareness about the Public Sector Banks Doorstep Banking Service (PSB DBS) that can be registered by the customers, an official statement said.

Under the scheme various services like pick-up services for cheques, drafts, pay orders and new cheque book, etc, can be availed at doorstep without visiting the branch.