Chennai, Aug 19: Union Bank of India recently organized meeting of all branch heads wherein collective consultative and ideation process was undertaken to align banking with national priorities.
The specific areas of discussion during the meeting included initiatives required for doubling farmer’s income, enhancing credit to small businesses particularly through psb59 and MUDRA Schemes and empowering Women and SC/ST entrepreneurs, said a press release.
It was also emphasized that in order to promote green economy and Swachhta activities including reducing usage of plastics and strengthening electric vehicle manufacturing and charging infrastructure, branches may identify alternative sources like ethanol, EV batteries, paper packaging and extend finance to such environment friendly activities/ technology.
During the meet, field general manager Chennai zone, Lal Singh said, “PSBs have been central in driving Indian economy and will continue to do so with their strong reach across the country. With the economy at inflexion point, the policy decisions, reforms taken now will define the future of the banking and its contribution to economic growth.”
Regional Head, Chennai Region, E Pulla Rao, urged branch heads to popularise focused schemes of the Government like MUDRA, psb59 loans, PMJJBY, PMSBY, PMJDY overdraft, and more. He also directed branches to convey to customers about reduction in loan rates in various segments.