Tag: FinancialInclusion

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Panchgram Vikas Samitee Expands with New Multipurpose Cooperative Credit Society Branch at Honda

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral

The Panchgram Vikas Samitee’s Multipurpose Cooperative Credit Society has taken another step forward in strengthening Goa’s cooperative movement with the launch of its new branch at Honda, Sattari. The inauguration took place in the presence of ZP Member Shri Sagun Wadkar, Sarpanch Shri Shivdas Madkar, Panchayat Members of Honda, Asst. Registrar Shri Harish Naik, and Chairman Shri Datta Gawas.

This new branch marks the second in Sattari, following the successful establishment of the first in 2018. Over the years, the Society has demonstrated remarkable resilience and commitment, particularly during the challenging times of the COVID-19 pandemic, when it continued to support its members and contribute to the local economy.

What began as a cooperative with 800 members in 2018 has now grown to over 2,500 members — a reflection of the increasing trust, unity, and confidence within the community. The Society’s focus on financial inclusion, cooperative values, and self-reliance has made it a cornerstone of rural empowerment in the region.

The newly inaugurated credit counter at Honda is designed to make financial services more accessible to residents, allowing them to save valuable time, access credit facilities with ease, and avail of government and cooperative schemes without having to travel long distances. By bringing these services closer to the people, the Society aims to strengthen the local economy and support sustainable growth across Sattari.

With this expansion, the Panchgram Vikas Samitee reaffirms its commitment to serving the people of Goa and fostering a strong, cooperative-led model of community development rooted in trust, service, and progress.

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Goa Launches Statewide Campaign to Promote Financial Inclusion at Panchayat Level

Tanisha Cardozo

Written by Tanisha Cardozo

Panaji, July 2025 – In a significant push toward grassroots financial empowerment, the Department of Financial Services, Government of India, has launched a three-month state-level campaign in Goa to promote financial inclusion. Running from July 1 to September 30, 2025, the campaign targets all 192 gram panchayats and focuses on enrolling citizens in essential central government schemes.

The campaign was inaugurated at the Anjuna Caissua Village Panchayat in Bardez taluka by Sarpanch Laxmidas Chimulkar, in the presence of officials from Bank of Baroda, including Chief Manager Din Dayal Dube and Branch Head Shivnandan Kumar. Over 50 villagers attended the event, many of whom enrolled in social security schemes on the spot.

The initiative highlights and ensures saturation-level coverage of:

  • Pradhan Mantri Jan Dhan Yojana (PMJDY)
  • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
  • Pradhan Mantri Suraksha Bima Yojana (PMSBY)
  • Atal Pension Yojana (APY)

In addition to enrolments, the campaign provides an opportunity for KYC re-verification of inactive Jan Dhan accounts, helping reactivate dormant beneficiaries.

Each panchayat has been strategically mapped to its nearest bank branch to ensure efficient implementation. Awareness sessions will also be conducted on:

  • Financial literacy
  • Digital fraud prevention
  • Unclaimed deposits
  • Grievance redressal mechanisms

District Coordinator Vinod Salunkhe, in collaboration with the State Level Bankers Committee, is overseeing the smooth rollout of the program.

The campaign underscores the government’s inclusive growth agenda, aiming to empower rural citizens by integrating them into the formal financial system. By strengthening access to banking and social security, the initiative aspires to create a more secure and economically independent society.