SBI adopts Majhdaha village

The largest public sector bank of the country, the State Bank of India, today adopted Majhdaha village in Nadia district of West Bengal under its scheme, 'SBI ka apna Gao'.

The scheme aims at raising all BPL families to the APL level by providing 100 percent financial inclusion.

"Under this scheme we would meet the credit requirements of all eligible rural household of the village, and transform it into a model by improving the quality of life of the people," said O P Bhatt, chairman of SBI.

The scheme would also promote self help groups, "Farmers' Club", with the assistance of NGOs and other development agencies and also form a linkage of community services with banking activities.

"The next step would be to draw out a plan for the overall development of the village with the active support from the district administration," he added.

The chairman distributed 3,000 sanction letters to the farmers under the Kisan Credit Card to meet their financial needs for cultivation purposes.

The bank also adopted six orphan children under the "Adoption of Girl Child" scheme.

"The idea behind the scheme is to adopt a needy girl child between the age group of 8-14 years by each of our branches in the Bengal Circle, for which an annual expenses in the range of Rs 3000-5000 would be borne by each branch towards the cost of her education," Bhatt explained.

The chairman also extended financial assistance to SHGs and visited the stall erected by them, exhibiting their products.

"SBI would extend continued support for ensuring development through the collective effort," he added.