Some 789 habitations with no banking facility identified

Here is good news for people residing in some of the remotest villages in the State. They would not have to trek long distance for availing banking services. Ultra Small Branches (USBs) offering different types of banking services are likely to come up in their areas.

USBs would be having an area as small as 100 to 200 sq ft where an officer designated by the concerned bank would be available with a laptop on a pre-determined day and time in a week.

As many as 789 habitations with population over 2,000 with no banking facility identified and allotted for banking facilities have been identified in the State. All these habitations come under 14 left wing extremist affected districts.

According to government sources, expenditure for establishment of USB would be met from fund under Integrated Action Plan (IAP), which is a development fund for LWE affected district.

Concerned banks would bear the recurring cost components comprising the cost of rent of premises, remuneration paid to Business Correspondent Agent and manpower cost.

The State-level bankers committee had drawn up plan for financial inclusion for each State and had identified approximately 73,000 habitations with a population of over 2,000 as per 2001 census, for provision of banking facilities through appropriate use of technology.

As on March 2012, all these identified 73,000 habitations have been provided with banking facilities, either through a brick and mortar branch or a business correspondent agent (BCA).

Meanwhile, the Department of Financial Services under the Ministry of Finance has identified 7,034 habitations with population of over 2,000 in 66 districts covered under the IAP in nine States for providing banking services through setting up of USB.

“An officer designated by the bank will be available with a laptop at USB on a pre-determined day and time in a week. The BCA will also operate from such premises. While the cash service would be offered by the BCA, the bank officer would offer other services,” State Planning and Coordination department sources said.

It said the periodicity and duration of visits would be progressively enhanced depending upon business potential.

Highest 261 locations in Ganjam districts have been identified for setting up of USB followed by Jajpur with 150 locations.

Other districts where USBs would come up include Gajapati, Deogarh, Keonjhar, Malkanagiri, Kandhamal, Koraput, Mayurbhanj, Nabrangpur, Nayagarh, Rayagada, Sambalpur, and Sundargarh.


  • Expenditure for establishment of USB will be met from fund under Integrated Action Plan

  • State-level bankers committee has drawn up plan for financial inclusion for each State