Yesterday, Andhra Pradesh Chief Minister Chandrababu Naidu inaugurated 12 mobile Automated Teller Machines (ATM) of the AP State Cooperative Bank Limited (APCOB) in Amaravati. This will help to dispense cash even in remote areas. APCOB were introduced with the help National Bank for Agriculture and Rural Development (NABARD).
The main goal of these mobile ATMs is to increment an awareness of financial literacy and digital banking technology in rural areas. Reaching 13 districts of Andhra Pradesh and preaching them how to operate the machines is a huge step.
Naidu said that mobile ATMs were a part of government’s sedulous efforts to make digital banking famous in the rural area too. Moreover, farmers would be benefitted from the initiative.
APCOB chairman Pinnamaneni Venkatewara Rao proudly said that no other state in India had such technology-enabled cooperative banks like Andhra. Managing Director AV Bhavani Shankar expressed that the bank deployed counsellors will politely help and supervise the customers in doing their transaction successfully.