Bank Branches to start in Villages in Koraput

The district administration of Koraput, Odisha in association with nationalized banks to open 46 Ultra Small Branches (USB) of banks in villages with over 2000 population.

These branches will provide banking services in the village having more than 2000 population in the district of Koraput in Odisha.

After these branches set up, the village can do their money transaction with the nationalized bank USB branches and also get their wages payment for MGNREGS.

Out of 46 proposed branches for the villages in the district, Utkal Grameen Bank will open 33 branches, State Bank of India (6), Andhra Bank (4) and UCO Bank, Union Bank of India and Indian Overseas Bank will open each branch, according to media reports.

The district administration will provide space in existing government buildings to set up the banking branches and spent Rs 1.46 lakh from Integrated Action Plan fund on each USB bank branches proposed in the district villages.