Online Payments & Money Transfer

Indepay enables rural banking with Biometric technology in North East India

Indepay Networks, an enabler of Rural Payment Infrastructure, launched its RBI guidelines based Banking Correspondent (BC) program for Tripura State Co-Operative Bank Limited (TSCB) yesterday. The program was inaugurated by Hon’ble Minister for Rural Development, State of Tripura, Sh. Jitendra Chowdhury, at Kalachara Gram Panchayat.

online payment india

Indepay – Electronic Payments for Rural India

Indepay ( Website www.indepay.com) , a payment processor, is enabling benefits of Rural Programs such as Mahatma Gandhi National Rural Employment Generation Scheme (MGNREGA) to reach the rural masses through innovation in payments technology. By extending its infrastructure to the last mile in the rural areas, Indepay through the use of biometric technology, is ensuring that benefits of governmental programs reaches the people it is intended for.

The State of Tripura, with an annual NREGA allotment of over INR 500 crores, has close to a million MGNREGA beneficiaries who receive employment through the program. In addition to MGNREGA beneficiaries the state has a further quarter of a million beneficiaries of National Old Age Pension (NOAP), Social Security Pension (SSP) and other similar programs. Indepay with its biometric enabled, UID compliant MicroATM infrastructure is addressing these opportunities through partners such as TSCB by leveraging its nationwide rural payments infrastructure.

Tripura State Co-Operative Bank Limited

The program, which was successfully piloted for over a year at certain branches of TSCB in North Tripura, is being scaled throughout the State through the disbursement of Biometric enabled smart cards to MGNREGA beneficiaries, starting with Kalachara and Manubazar branches in Satchand block. Indepay completed the enrollment of all MGNREGA beneficiaries in North and South Tripura Districts through enrollment camps held at each panchayat with the help of over hundred trained enrollment agents supported by the respective District Magistrates and Block Development Officers (BDOs) and the necessary State machinery.

2 Comments

2 Comments

  1. samit

    February 16, 2011 at 12:23 pm

    It is good to see co-op banks taking on such technology to address NREGA, etc. Lets hope other smaller banks take the cue

  2. Ron Chatterjee

    February 18, 2011 at 5:47 pm

    This is heartening to note that Indepay is investing in North East and trying to connect NE states with the mainland by extending their innovative services for the rural masses. We all know that North Eastern states had been deprived of many benefits and that was the primary reason this part of India had seen various formats of economic and political challenges.

    This step taken by the state government and Indepay management will ensure benefits reaches out to the masses in the most effective format and I genuinely wish that they continue to believe what they are doing and not get constraint by the pain they may be experiencing in taking this forward there.

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top