The Trunachal Prasdesh government owned Cooperative Apex Bank has inked memorandum of agreements (MoAs) with three NGOs for speedy financial inclusion and enrollment of rural populace in Prime Minister's Jan Dhan Yojana (PMJDY).
The NGOs were National Youth Project (NYP), Yuva Arunachal (YA) and Manghi Welfare Society (MWS) which would cover 9,736 households in 152 villages in five districts, 338 households in 18 villages of Tawang district bordering China and 1,918 households in 103 villages in Kurung Kumey district respectively.
The Bank MD T Thongdok signed the MoAs on Monday.
The Apex Bank, known as 'apna bank', having 34 branches in various parts of the state with core banking solution (CBS) facility would also sign such MoAs with N N Charitable Society, Young Mission Adventure Club, Women Development Centre and Guwahati-based Human Development Center to accelerate the process to bring the uncovered areas under financial inclusion, the MD said.
Thongdok said all the NGOs were institutional partners of National Bank of Agriculture and Rural Development (NABARD).
