India’s public sector bank, Vijaya Bank is going to develop 100 digital villages spread across various states of the country.
The move is being undertaken by the bank as a part of its initiative to promote digital banking among the rural population.
Speaking on the development, Executive Director of the bank, B S Rama Rao said that Vijaya Bank is the only public sector financial institution to develop digital villages with a focus on rural areas and it has already developed five villages including the one in Guntur district.
• The project of 100 digital villages will be inaugurated within a month.
• The digital villages will comprise services such as internet, Wi-Fi connectivity, mobile payment facilities, ATM cards and online banking among others.
• The bank would also be running a door-to-door campaign to educate the villagers.
• It will also open bank accounts to all the eligible villagers including children and encourage them to make transactions digitally.
• The bank’s digital villages project was developed even before the announcement of demonetisation.
• Already, the bank has developed 5 villages into Digital Villages.
• Out of the 100, Andhra Pradesh will be getting 10 digital villages.
About Vijaya Bank
• Vijaya Bank is a public sector bank with its corporate office in Bangalore.
• As on March 31 2017, the business worth of the bank is estimated to be ₹229833 Cr.
• The bank has around 1900 branches across the country.
• It boasts of about 13 lakh mobile banking users and 8 lakh Internet banking users.
• It is the first public sector bank to take up such initiative.
• The bank is further working on financing the metro project of the city.
Who: Vijaya Bank