Interventions

IDBI to start e-huts to connect with rural populace

IDBI will soon launch e-huts to connect with rural populace across the country
IDBI to start e-huts to connect with rural populace

The Industrial Development Bank of India (IDBI) will soon launch e-huts to connect with rural populace across the country, a move which will benefit the small entrepreneurs in the rural areas.

IDBI’s Deputy Managing Director MO Rego said the bank is set to expand its branch network to 2,000 by the end of the current year from 1,740 now, besides rolling out e-huts to provide services to people in rural areas.

IDBI focuses on retail banking, predominantly financing housing, automobile, education and MSMEs. It is slowly shifting focus to the corporate sector.
 

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