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Now, RBKs to offer banking services | Vijayawada News

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Vijayawada: In an attempt to take all services to the doorsteps of the people, the government is shortly planning to start banking services at Rythu Bharosa Kendras (RBKs). The government has already written to the banks through the lead bank, requesting them to post their business correspondents in every RBK. An official communication was sent to the lead bank last week, which in turn has written to the other banks, sources said.
The government has established over 11,000 RBKs in the state to provide one-stop services to farmers. The RBKs provide seeds, fertilizers, pesticides and maintain records on farmers, crops and cropping pattern. They also help farmers find a market for their produce.
The government has already planned provision of agriculture tools at RBKs, which the farmers can hire and use for a nominal price. The government is also procuring harvesters, tractors and other machines for farmers’ use.
Similarly, the government is also constructing cold storages and godowns attached for each RBK, where farmers can stock their produce till they get a better price in the market. Having planned all these services at RBKs, the government is now planning to launch banking services.
Initially, in Krishna district, the government had started these financial services with business correspondents located across 634 RBKs. The business correspondents are present in the RBKs every day for at least two hours and help farmers in particular, as well as the general public carry out bank transactions.
Most banks have business correspondents posted in major villages, and who currently operate out of private premises. Now, they would be shifted to the RBKs.
The government has written to the banks through the lead bank, requesting that business correspondents be posted in every RBK. These financial services have already been started in Krishna district, with business correspondents in 634 RBKs



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