Shillong: Concerned at the slow progress of financial inclusion in North East, Reserve Bank of India will open offices in all major cities to push banking institutions to cover more people.
"We have launched a financial outreach program in North-East in a very big way," RBI General Manager (Meghalaya) P Shyam Sunder told reporters.
He said top RBI officials are going to villages personally to supervise developmental activities of banks in the region.
Sunder said RBI would open offices in state capitals of Meghalaya, Nagaland, Mizoram, Manipur and Tripura.
"There are many villages in which people do not have accounts with commercial banks. We want banks to promote them to open no-frill accounts just to have them included in banking," Sunder said.
Further, RBI officials said the central bank moots at electronic payments of the popular government-sponsored MGNREGS and other payments to people to avoid harassment in the process.