https://www.taxtmi.com/news?id=754 Government measures to expand basic banking and credit in rural areas require banks to offer no-frills basic accounts with nil or low minimum balances and to issue General Credit Cards without security or end-use conditions. Small borrowers settled under one-time settlement schemes are eligible for fresh credit. Banks may use NGOs, self-help groups, microfinance institutions and other civil society organisations as intermediaries to provide financial services. Scheduled Commercial Banks and Regional Rural Banks were advised to add rural household accounts during the year, and public sector banks largely achieved their targets. en-us Wed, 18 Feb 2009 16:58:51 +0530 Wed, 18 Feb 2009 16:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=754 Government measures to expand basic banking and credit in rural areas require banks to offer no-frills basic accounts with nil or low minimum balances and to issue General Credit Cards without security or end-use conditions. Small borrowers settled under one-time settlement schemes are eligible for fresh credit. Banks may use NGOs, self-help groups, microfinance institutions and other civil society organisations as intermediaries to provide financial services. Scheduled Commercial Banks and Regional Rural Banks were advised to add rural household accounts during the year, and public sector banks largely achieved their targets. News - Wed, 18 Feb 2009 16:58:51 +0530 https://www.taxtmi.com/news?id=754