TAMIL NADU

Minister to seek Rs. 1 crore for Tiruvalanthurai village

reaching out:D.Napoleon, Union Minister of State for Social Justice and Empowerment, handing over the model of IOB smart card to a customer at Tiruvalanthurai village in Perambalur district on Wednesday. Darez Ahmed, Collector, is in the picture.Photo:M.Srinath

reaching out:D.Napoleon, Union Minister of State for Social Justice and Empowerment, handing over the model of IOB smart card to a customer at Tiruvalanthurai village in Perambalur district on Wednesday. Darez Ahmed, Collector, is in the picture.Photo:M.Srinath  

From Finance Ministry towards infrastructure, amenities

Union Minister of State for Social Justice and Empowerment D. Napoleon said he would seek a sanction of Rs. 1 crore from the Union Finance Ministry for providing infrastructure and amenities to Tiruvalanthurai village bordering Perambalur and Cuddalore district. Tiruvalanthurai has been declared model village by Reserve Bank of India under its outreach programme for financial inclusion of un-served areas across the country.

At a function to mark the outreach programme at the village on Wednesday, Mr. Napoleon appreciated the efforts made by the Reserve Bank in identifying the village and ascertaining its demands and needs by conducting a survey. He said the village by virtue of its interior location needed adequate infrastructure.

Banking service would improve if infrastructure development such as roads, bridges, and drainage were provided to the residents.

In this context, he referred to a similar programme being implemented by his Ministry for the welfare of socially backward people. Pointing out that at least Rs. 1 crore would be required for providing basic amenities to this adopted village, he requested Reserve Bank authorities to look into his suggestion. He would also write a letter to Finance Minister Pranab Mukherjee.

Darez Ahmed, Collector, said the annual credit plan for the district would double the credit flow from the previous Rs. 400 crore to Rs. 800 crore in the next financial year. The cooperative banks would sanction Rs.80 crore in the next financial year.

The Collector appealed to the RBI to increase the credit flow under the kisan credit card system.

S. N. Misra, General Manager, Indian Overseas Bank, said the banking transaction by the villagers was far below the average norms. He appealed to the villagers to utilise the services of the business correspondent nominated by the bank in June 2010.

Vasanthan, Chief General Manager, RBI, said Tiruvalanthurai was one of the 15 villages in Tamil Nadu adopted by the RBI for the financial inclusion programme. A survey was conducted and the financial requirements of the residents were ascertained.

Dhanasekaran, General Manager, NABARD, Selvaraj, Deputy General Manager, RBI, M. M. Maji, General Manager, RBI, S. Natarajan, Chairman, Pandiyan Grama Bank, and N. S. Viswanathan, Regional Director, RBI-Tamil Nadu and Puducherry, spoke.

Later, Mr. Napoleon distributed loans to the weaker sections.

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