Shillong, Oct 21:Meghalaya Chief Minister Conrad K. Sangma today launched and distributed the “micro ATM” to Business Correspondent Agents (BCA) in presence of Community & Rural Development Minister Hamletson Dohling at Yojana Bhavan in Main Secretariat Shillong.
“Micro ATM is a hand held device, which will be operated by the BCA in rural areas to enable access to banking services, particularly withdrawals,” a statement from the Chief Minister’s Office read.
The initiative is being promoted by the Meghalaya State Rural Livelihood Society (MSRLS) in partnership with Meghalaya Rural Bank (MRB) and National Bank for Agriculture and Rural Development (NABARD).
In his address, the Chief Minister said that the micro ATMs will provide access to basic banking services in rural areas, which will empower the rural population as far as banking needs are concerned.
“Micro ATMs will take banking services to the doorsteps in rural areas”, the Chief Minister said.
In June this year, the MSRLS had signed an MoU with MRB to roll out the BCA project whereby 84 Self Help Groups (SHGs) who were functioning as ‘bank sakhi’ and positioned with MRB branches are being engaged as BCA.
At the launch of the initiative, Chief Minister and C&RD Minister handed over micro ATMs to select BCAs from across the State, while also urging the concerned authorities to further increase such services to cover unreached banking areas.