12 th May, 2020 PTI – Bharat Financial handles Rs 100 cr DBT transfers during lockdown
Bharat Financial handles Rs 100 cr DBT transfers during lockdown
Hyderabad: Bharat Financial Inclusion, the microfinance arm of IndusInd Bank, has facilitated direct benefit transfer transactions worth over Rs 100 crore through its rural distribution service points known as Bharat money stores across Karnataka, Odisha, Maharashtra and Bihar during since April impacting over 4 lakh people since the COVID-19 related payments started flowing in. The Bharat Money Stores have also made banking services available to over 5,000 villages thus impacting 3.5 lakh people in addition to the 4 lakh DBT beneficiaries, the MFI said in a statement. During the lockdown, many people received funds from government under DBT. They have been using our stores to withdraw/deposit/transfer money .