MORIGAON, Jan 12 - Chairperson of the State Bank of India (SBI) Arundhati Bhattacharya today dismissed former Prime Minister Dr Manmohan Singh�s contention that the country�s economy would be adversely affected due to the cash crunch in different banks.
Talking to the newsmen after dedicating a Digital Payment system at the Gopal Krishna Tea Estate in Morigaon district, the SBI chief said Rs 13 lakh crore has been released for SBI customers throughout the country and Rs 4 lakh crore of different denominations will be released this month.
Bhattacharya, who inaugurated an SBI ATM in the garden, said workers of the garden would get insurance benefits through small savings in digital mode as declared by Prime Minister Narendra Modi.
Financial inclusion is the need of the hour and cashless transactions will be possible with increasing awareness among the working class, she asserted.
The every worker of the Gopal Krishna TE has opened their bank accounts and their payments will be made digitally.
In today�s function, Abhijit Sarma, Secretary, Assam Branch of Indian Tea Association (ABITA), thanked the SBI authority for making the garden digitally successful.
In the function, the SBI Chairperson handed over financial assistance under Corporate Social Responsibility to three organisations � Sishu Siksha Samiti (Rs 24 lakh), Sishu Sarathi Samiti (Rs 10 lakh) and the Hospital of Gopal Krishna TE (Rs 3 lakh).