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Odisha CM Naveen Patnaik launched Ama Bank

Published on December 01, 2023
Current Context: Chief Minister Naveen Patnaik launched the ‘Ama Bank’ scheme on Tuesday, November 28, 2023.
Odisha CM Naveen Patnaik launched Ama Bank
  • This initiative is a major push to cover 4,373 unbanked gram panchayats under the financial inclusion programme.
  • The aim is to provide banking services through Customer Service Point (CSP) Plus banking outlets.
  • In the first phase, 750 panchayats will get banking services through CSP outlets, and the remaining panchayats will be covered by March 2024.
  • The ‘Ama Bank’ model is the first-of-its-kind in the country and is expected to be a role model for other states.
  • The state government, in collaboration with six public sector banks namely State Bank of India, Punjab National Bank, Union Bank of India, UCO Bank, Bank of India, and Bank of Baroda, has come up with the ‘Ama Bank’ scheme.

Question:

Q.1 Who launched the ‘Ama Bank’ scheme?
a. Narendra Modi
b. Naveen Patnaik
c. Mamata Banerjee
d. Yogi Adityanath

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