Ranchi, March 4. Dr. G.R. Chintala, the chairman of NABARD, today launched a Mobile Van for Rural Development an innovative product of Jharkhand Rajya Gramin Bank (JRGB), headquartered in Ranchi.. He was on a one-day visit to meet and discuss rural financial inclusion initiatives with the JRGB. An important MOU between NABARD and JRGB was also signed during the visit.
Fashioned as a bank on wheels, the fully furnished luxurious van will travel to the local villages spreading financial and digital literacy apart from allowing the banks’ customer and others to make bill payments, withdraw cash and perform various banking activities at their doorstep.
Created by Bengaluru based XPay.Life, the mobile van is running successfully in over ten states at the district level enabling rural digital transactions. The van launched at Ranchi today is the first such initiative in Jharkhand. The van is subsidized by NABARD to incentivize digital growth in rural India and powered by the technology provided by XPay.Life as an end-to-end solution with zero hassle to the bank.
Speaking on the occasion , Dr. Chintala said, “for India to achieve new heights, it is important that we foster the growth of rural India. The role of women in the development of rural India is commendable and of utmost importance. The various initiatives like the one taken today for the development and financial inclusion of the rural people are what the country needs now.”
Commenting on the various breakthroughs for Jharkhand, chairman of JRGB, Piyush J Bhatt said, “RRBs (Regional Rural Banks) are the extended arms of NABARD. We have and will consistently focus on implementing the policies of NABARD. JRGB has its presence in all 24 districts of Jharkhand and is working for the upliftment of the people of Jharkhand with its partners.”
Rohit Kumar, Founder & CEO of XPay.Life said, “We are one of the most enterprising fintech start-ups of the country. Our aim is to make life simpler with secure transactions and innovations. Our Mobile Van for Rural Development is one of our most innovative and meaningful offerings, which we are excited to launch in Jharkhand in partnership with JRGB. Financial inclusivity and easy access of banking facilities is our goal.”
