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Ujjivan Small Finance Bank launches URCs in eastern states

Press Trust of India  |  Kolkata 

has launched 39 Unbanked Rural Centres (URCs) in the eastern states of West Bengal, Assam, Bihar, Jharkhand, and

The URCs were being set up in villages with a population above 5,000, and which do not have a brick and mortar structure of a bank, for customer-based banking transactions, a company release said.

"We have also set up seven Business Correspondents (BC) in Howrah and Hoogly district of The residents of these villages are reaching out to us for financial support for their agriculture, weaving and other businesses," Ittira Davis, of Ujjivan, was quoted as saying in the release.

The aim is to get more unbanked and underbanked customers into the formal banking system, and help them become a part of Digital India, it said.

By March 31, 2018, there are plans for 187 banking outlets with 47 URCs spread across West Bengal, Assam, Tripura, Bihar, Jharkand, Orissa, and Tamil Nadu, the release added.

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

First Published: Wed, March 14 2018. 19:20 IST