Sivaganga, Tamil Nadu: As part of taking banking services to rural areas, the Centre has revised itstarget upwards to opening 10,000 new bank branches a year, according to UnionFinance Minister P Chidambaram.
Earlier,there was a target to open 7,000 bank branches a year. From the coming financialyear, it has been revised to open 10,000 branches a year, Mr Chidambaram said,after handing over the financial assistance to 176 members of the Adi Dravidarand Scheduled Caste community in Sivaganga in Tamil Nadu today.
Through this, an additional 55,000 new jobs would be created, he said.
"The huge growth witnessed in the banking industry is one of the majorachievements in the last 10 years during the UPA regime", he said, addingthat the Sivaganga district would be an apt example for it.