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Itanagar: Union Law Minister Kiren Rijiju on April 15 inaugurated two new branches of rural banks at Seppa and Bage Tinali and 14 ATMs for 14 remote towns of Arunachal Pradesh.
He also handed over the cheques and certificates to the beneficiaries of Government sponsored schemes executed through the rural bank.
Rijiju while speaking to the media briefed about the importance of rural banks and said that Arunachal Pradesh Rural Bank is the lone bank that has its target place of work in villages and remote countryside.
According to Rijiju, the schemes launched by Central Government are implemented on the ground through Government banks for financial transactions and the success rate of the percentage of APRB is satisfactory.
"All the schemes whether Jan Dhan Yojana, Mudra Yojana, Atal Pension, and all other important schemes are being implemented & executed through rural banks. Several beneficiaries of various schemes were given cheques and certificates and many of them have achieved success by creating employment opportunities for others by becoming entrepreneurs,'' he added.
Rijiju was accompanied by the Education Minister of Arunachal Er Taba Tedir, DC Papum Pare Sachin Rana IAS, and others on the inauguration.
According to Chairman, Dr Deepak Gupta, Rural Bank of Arunachal (APRB) have emerged as a profitable bank with a net profit of 21 crore which was 12.35 crore earlier. "Through Union law Minister we handed loans through cheques to the beneficiaries of Mudra loans, standup India, and Self-help group loans. It’s a historic day for Arunachal Pradesh Rural Bank. APRB is now a fast-growing progressive bank with all facilities,'' he added.
