World Bank team tours Krishna, holds talks with Collector on cash management

The team discussed cash management at various public outlets and handling of pensions with the Krishna District Collector.

Published: 08th December 2016 03:42 AM  |   Last Updated: 08th December 2016 06:20 AM   |  A+A-


World bank officials brainstorm with Krishna district Collector A Babu in Vijayawada on Wednesday | EXPRESS

By Express News Service

VIJAYAWADA: The World Bank team toured the city on Wednesday and held meeting with the Krishna District Collector A Babu and discussed cash management at various public outlets and handling of pensions in the district.

The Collector said that over 3.3 lakh people were drawing monthly pensions and receiving the amount at their doorstep with the use of micro ATMs. He further explained the State government policy in promoting cashless transactions in the city. The district has 1250 banking correspondents, who look after each and every banking transaction in the district.

“The farmers are availing fertilisers, seeds and other required material at ration shops. Over 120 teams are going around 40,000 small scale business firms and encouraging them to adopt cashless transactions and make transactions through E-PoS machines,” the collector said. He added that the district administration was also linking Aadhaar with the bank accounts of workers, who are under NREGA scheme and depositing their monthly pay directly into their accounts.

The WB team and other district officials who took part in the meeting included William Price, Varsha Marathe, Gautham Bharadwaj, Tharulkanna, Sasi and Darin Rider.

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