Ad

Pb Govt To Install Micro 3.5K ATMs In Co-op Institutions

[CHD,Pb] Punjab Govt To Install Micro 3.5K ATMs In Co-op Institutions
The Punjab government will install micro ATMs in its all 3,535 primary agricultural cooperative societies (PACS) and district central cooperative banks (DCCBs) under its rural financial inclusion plan.
As per Additional Chief Secretary-cum-Financial Commissioner, Cooperation D P Reddy
cooperatives have played a vital role in improving the economic conditions of the farmers and accelerating the pace of development in Punjab.
In fulfillment of its goals, the department has brought both the services and resources at the doorsteps of villagers, thereby covering every nook and corner of the state, he said in a release.
The NABARD had accepted a proposal sent by the cooperative department in this regard and sanctioned 4,545 micro ATMs by financing 90 per cent of the cost of the device.