Welcome to Chaitanya Godavari Grameena Bank
Home   / Telugu Version Website 
  »    Home Page
  » About Us
  » Our Network
  »  Financial Results
  » Deposit Schemes
  » Loan Schemes
  » Farmers Club
  » Photo Gallery
  » Technology Products
  » Services
  » Women Development Cell
  » Important Events
  » Right to Information Act
  » Branch Locator
  » Banking Ombudsman
  » Financial Inclusions
  » Ultra Small Branches
  Home » Financial Inclusions

Financial Inclusions

 

 

The Reserve Bank of India has been initiating several measures from time to time for facilitating better access to financial services and credit for the rural population. Chaitanya Godavari Grameena Bank, since inception has played a vital role in taking banking to the rural masses, making available credit to weaker sections of society, mobilizing and channelizing  rural savings towards productive activities and in generating employment opportunities in rural areas.
In the context of Financial inclusion, our Bank envisage extension of banking and financial services to under banked and unbanked areas through Information and Communications Technology based  “Branchless banking model” where integrated hand held devices would be used by Business Correspondents / facilitators and / or their authorized agents(Community Service Providers) to deliver Financial and banking services.


Services to be provided under Project:

The basic set of product that our bank intends to offer under Financial Inclusion comprises of:

  1. Savings bank account with built – in overdraft facility.
  2. Term Deposit account including recurring deposit account.
  3. General purpose credit card and Kisan Credit card.
  4. Cash credit account.
  5. Overdraft Account.
  6. Demand loan account.
  7. Remittances.
  8. Insurance products.

To achieve this object, Chaitanya Godavari Grameena Bank has taken steps to implement financial inclusion project in the service area of 3 districts East Godavari, West Godavari and Guntur. Our plan aims to cover 128 villages in these 3 districts (79 villages through 35 branches in Guntur District and 25 villages through 14 branches in East Godavari District, 24 villages through 12 branches in West Godavari District) in first phase.
Our Bank has implemented Financial Inclusion Project by opening one branch in Edlapalli village and through Service Provider M/s Coromandel Infotech India Ltd in 127 villages in first phase and the second phase is being implemented in 42 villages covering Guntur, East Godavari and West Godavari Districts.

All the customers will be provided with smart card under this Project. Transactions will be done using POS Machines with biometric authentication.

 

 

 

 

© 2009. Chaitanya Godavari grameena Bank. All Rights Reserved     
Best viewed in IE 5.5 and above, with screen resolution of 1024 x 768