These solutions include AePS transactions, deposit services, government-backed insurance, and access to credit facilities, all of which are vital for the economic development of these regions.
“We aim to empower these communities and contribute to the government’s financial inclusion agenda by providing crucial financial solutions like AePS transactions, deposit services, government-backed insurance, and access to credit facilities,” Smita Bhagat, Group Head, Retail Branch Banking-North, East & Central, ABCP & Retail FX, HDFC Bank.
The initiative was undertaken in collaboration with CSC eGov which will help deliver essential banking services to the last mile, directly through physical centres of village-level entrepreneurs (VLEs) acting as micro-entrepreneurs and in turn empowering communities in underserved regions.
These newly opened banking centers span across various states including North East India, Chhattisgarh, Madhya Pradesh, Jharkhand, Bihar, Telangana, Andhra Pradesh, Odisha, and Kerala.
