Thursday, February 2, 2023

Sitharaman stresses on importance of financial inclusion

Fm Inaugurates Axis Bank Mon Branch

Union minister of finance & corporate affairs, Nirmala Sitharaman, on Tuesday inaugurated Axis Bank Mon Branch during her visit to Mon district.
According to DIPR, Sitharaman, in her address, stated that it was her third visit to the district and narrated about her visit to Longwa during her tenure as the defence minister which had left a deep impression in her.
After interaction with the Konyaks, Sitharaman stated that she was impressed by the way they organised themselves. She acknowledged that the people living in the international borders faced severe challenges.
Finance minister stressed on the importance of financial inclusion, which the Prime Minister very strongly takes up to ensure inclusion for all strata of the society through various schemes. She stated that such inclusion provides people access to credit without much security, which is very crucial for most people in the bottom layer of the economy, who often fall prey to middlemen who charge exorbitant interest rates.
Sitharaman also stressed on the importance of connectivity, both physical and digital connectivity, to ensure access to facility and security.
Sitharaman appreciated Axis Bank and its management for reaching out so far to provide space for financial inclusion and access all kinds of facilities. She further appealed to the people to avail the facilities to the fullest and become productive units of the society as job creators.
MD & CEO, Axis Bank, Amitabh Choudhary, on behalf of Axis Bank, thanked the finance minister for personally coming to dedicate the four branches in the Northeast. He stated that the flow of investments in the Northeast was just the beginning. Choudhary asserted that the desire of the Bank was to expand even further and provide banking facilities in all parts of the region.
Axis Bank vice president, Vishal Shah also addressed the gathering.

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