Banking

Maharashtra CM bats for Digital Payments in Cooperative Banks

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In a meeting of CMs, Niti Aayog and Union government officials on adoption of next-gen banking, today, Devendra Fadnavis, Chief Minister of Maharashtra, sought inclusion of all cooperative, regional banks and district cooperative and credit banks in the proposed integrated banking app for digital transactions.

The deliberation included Andhra Pradesh chief minister Chandrababu Naidu, who was also the convenor of the meeting, Madhya Pradesh chief minister Shivraj Singh Chouhan, NITI Aayog CEO Amitabh Kant besides others via video conferencing.

During an address to the press later today, Fadnavis further remarked that detailed discussion took place on increasing the number of POS machines, introducing integrated apps for all banks for digital payments, increasing awareness in rural areas and UIDAI-based payments.

He said: “We stressed about including all cooperative, regional banks and DCCBs under the gamut of digital payments to make these facilities more beneficial in rural areas”.

It was informed at the meeting that within three months additional 10 lakh POS machines would be introduced in the system, Fadnavis said.

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