Bank of Maharashtra launches 'Bank Sakhi' project in Odisha

Bank of Maharashtra launches 'Bank Sakhi' project in Odisha

Daily Current Affairs   /   Bank of Maharashtra launches 'Bank Sakhi' project in Odisha

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Category : Business and economics Published on: March 03 2022

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  • Bank of Maharashtra has partnered with Mahagram (a fintech company) to roll out the ‘Bank Sakhi’ project in Odisha. Mahagram would provide the Bank of Maharashtra with financial technology and infrastructure support to augment rural financial inclusion.
  • As part of this partnership, Mahagram has onboarded more than 11,000 bank sakhis (women) on the BharatATM platform to help the rural citizens avail basic banking services at their doorstep or the next door Kirana stores.
  • BharatATM platform is a rural banking platform that offers banking services to small merchants and customers through its assisted banking app. It was launched by Mahagram in December 2020.
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