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.
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.