Arunachal Guv calls for banking access in every village, remote habitation
Itanagar, July 11
Arunachal Pradesh Governor Lt Gen K.T. Parnaik on Saturday emphasised the need to expand banking services to every village and remote habitation in the state, saying that easy and inclusive access to financial services is essential for accelerating socio‑economic development and promoting financial inclusion.
A senior official of Lok Bhavan, Itanagar, said that the Chairman of Arunachal Pradesh Rural Bank (APRB), Vikal Sharma, called on the Governor on Saturday.
The Chairman briefed the Governor on the Bank's operations, outreach initiatives, financial inclusion programmes, and the various banking and insurance services being extended to the people of the state.
The Governor underscored the vital role of Arunachal Pradesh Rural Bank in advancing inclusive growth and socio‑economic development.
Emphasising the importance of empowering local communities, he advised the Rural Bank to give special attention to aspiring entrepreneurs, start‑up ventures, Self‑Help Groups (SHGs), farmers, and rural youth by facilitating access to credit, financial literacy, and entrepreneurship support.
Lt Gen Parnaik (Retd) noted that timely financial assistance and guidance can transform innovative ideas into sustainable enterprises, generate employment opportunities, and contribute to the vision of a self‑reliant and economically vibrant Arunachal Pradesh.
The Governor also encouraged the Bank to work closely with government agencies and development stakeholders to ensure that welfare schemes, livelihood initiatives, and financial inclusion programmes effectively reach the intended beneficiaries.
He expressed confidence that APRB would continue to serve as a catalyst for grassroots development and economic empowerment across the state.
The Chairman of Arunachal Pradesh Rural Bank informed the Governor that the Bank is extending inclusive banking services across the state through its network of 38 branches and is steadily expanding its outreach in a planned manner.
He also highlighted the adoption of modern technologies and multiple service channels to enhance access to banking and insurance services.
APRB General Manager (Vigilance) Nitul Phukan and Senior Manager Nako Taker were present during the meeting.
— IANS
Reader Comments
Banking access is one thing, but what about internet connectivity in these remote areas? 🤔 Many villages in Arunachal still lack stable mobile networks. How will digital banking work without proper infrastructure? The Governor should also push for telecom expansion alongside banking services.
As someone who worked in rural development in the North East, I can say this is a great step. The focus on entrepreneurs and start-ups is particularly important - we need more than just savings accounts, we need engines of local economic growth. Let's hope the bank's 38 branches can scale up effectively.
Good intentions, but let's be realistic - 38 branches for the entire state? That's barely scratching the surface. Even with mobile banking vans and BC agents, last-mile delivery in Arunachal's geography is a huge challenge. The Governor should also push for more post office banking partnerships to reach every habitation.
This is the kind of inclusive development we need! 😊 Self-Help Groups in the North East have shown tremendous potential when given proper financial support. I've seen women SHGs in Assam transform their communities - same can happen in Arunachal. Hope the bank also focuses on financial literacy in local languages.
A good move, but we should also remember that many families in remote Arunachal villages still rely on traditional barter systems. Financial inclusion isn't just about opening bank accounts - it's about creating economic opportunities that make banking relevant to their daily lives. The entrepreneurship focus is the right approach.
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