Prime Minister Narendra Modi has conferred an award on Tripura's Mandwai block, after every tribal family opened a bank account in the area.
Mandwai block's feat in financial inclusion and financial literacy, besides according benefits to tribals, has made it a role model.
"Of the 12,910 families comprising 55,050 people, there are 21,984 bank accounts with more than one bank account in many households," Mandwai Block Development Officer (BDO) Monohar Biswas said.
"We opened several new accounts and are still in the process. At present, we have around 24,000 bank accounts under this branch in Mandwai. Other than this, we also have four Bank Coordinators (BC), who go to specific points and make the MGNREGA payments," Tripura Gramin Bank branch manager Gautam Laskar added.
The Mandwai block comprises of a tribal population of over 95 percent of the total residents.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app