Bharatpur, Nov 30 (PTI) Lupin Human Welfare and ResearchFoundation, part of pharma major Lupin, will facilitateopening over 2 lakh bank accounts through its financialinclusion programme in rural areas by 2020.
As part of the initiative in partnership with State Bankof India, the company will provide banking solutions to thepoor and farmers at its kiosk centres spread across Rajasthan.
Since 2010, the foundation has opened 2.4 lakh SBI bankaccounts by sending its banking correspondents to about 495villages.
"The total transactions so far have been over Rs 48 croreand these have been done by people who never knew what bankingwas," Lupin HWRF Executive Director Sita Ram Gupta told PTI.
He further said the foundation will expand to othervillages and open more than 2 lakh accounts covering 500villages by 2020.
The services provided are opening of bank accounts,deposit and withdrawals, transfer of funds, and ATMwithdrawal, among others.
Gupta said the aim is to make the villagers bankingfriendly so that they can understand how to manage theirmoney.
"The per month transaction has gone up to Rs 2.1 crorethrough these services," he added.
The foundation works in the areas of employment,education, sanitation, drinking water, and woman empowerment.
PTI PRJMR.
This is unedited, unformatted feed from the Press Trust of India wire.