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Tech based banking services help larger sections of people

Press Trust of India  |  Puducherry 

Union minister Ashok Gajapathi Raju today said that the modern science and technology applied by sector has enabled the financial institutions to reach out to vast sections of people.

Distributing loans after unveiling the Micro Units Development and Refinance Agency scheme here the Civil Aviation Minister said that the Centre had embarked upon several pioneering schemes to ensure that all sections of people were brought under financial inclusion scheme.

The Stand Up scheme, Pradhan Mantri and also the social security measures have been operated in a very impressive manner in the union territory, he said.

He said by taking care of the need for air services steps were taken to increase the air connectivity within the country.

The minister stressed the need for honesty in implementing financial schemes.

Chief Minister who presided said that the MUDRA scheme envisaged disbursement of Rs 208 crore during the current fiscal in Puducherry.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 17:22 IST