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BoM adds fillip to financial inclusion drive, Inks MoU with Shri Kshethra Dharmasthala Rural Development Project BC trust

Mumbai (Maharashtra) [India], March 15 (ANI/PNN): Bank of Maharashtra (BoM), a premier public sector bank in the country, collaborates its subsidiary Gramin Mahilava Balak Vikas Mandal (GMBVM), with Shri Kshethra Dharmasthala Rural Development Project BC trust (SKDRDP). Through this collaboration Bank envisage for credit linkage of Self Help Group in the state of Maharashtra and add fillip to financial inclusion & its promotion driven through technology to the unserved and underserved. Through this move, Bank will spur promotion and handholding of Self Help Groups, credit linking through bank finance in several modules for providing financial inclusion services to the unserved community. Bank of Maharashtra shall adopt BC/BF model (Business Correspondent/Banking Facilitator), promoted by Reserve Bank of India, through SKDRDP, for delivering the financial products to the last mile. Gramin Mahilava Balak Vikas Mandal (GMBVM), a subsidiary of BoM will function for promotion and handho