Shri Mohan Charan Majhi Hon'ble Chief Minister

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Financial Inclusion

It focuses on ensuring universal access of formal financial services including savings, credit, insurance, and digital payments.

SHG BankLinakge

SHG Bank linkage addresses the financial needs of Self-Help Groups in rural areas by facilitating timely and adequate access to credit and financial services, thereby strengthening the SHG ecosystem and ensuring the growth and sustainability of its members.

Individual Enterprise Financing

It bridges the financial gap of individual rural entrepreneur by facilitating timely and adequate access to credit and financial services, thereby supporting for the growth, and sustainability of their enterprises with full potential.

Financial Literacy

It aims to promote awareness and facilitate access to different financial services and products offered by formal financial institutions, as well as government welfare schemes.

Business Correspondence (BC)
  • Extend last-mile banking services to rural households and strengthen the SHG ecosystem through improved financial access and inclusion through BC points.
  • Trained SHG members are engaged as Business Correspondents Agents (BCAs) to deliver doorstep banking services in unbanked Gram Panchayats.
Insurance

OLM actively facilitates enrollment in government-backed insurance and pension schemes :

  • PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) : Life insurance cover of ₹2 lakh for death due to any cause. Minimum eligibility to avail PMJJBY is 18-50 years.
  • PMSBY(Pradhan Mantri Suraksha Bima Yojana) :Accidental insurance with ₹2 lakh for death or total disability. Minimum eligibility to avail PMJJBY is 18-70 years.
  • APY(Atal Pension Yojana) : A pension scheme for unorganized workers/individuals, providing monthly pensions ranging from ₹1,000 to ₹5,000 after attaining the age of 60 years. The eligible entry age is 18 to 40 years.

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