IOB has taken up the implementation of Financial Inclusion Plan in letter and spirit. Of the 1273 villages given to it under the financial inclusion plan the Bank has already covered 751 villages and the remaining 522 villages will be covered before Dec 2011, Well ahead of the deadline of March 2012.
The Bank has also extended credit facilities to the account holders. The recently Bank launched the ‘IOB Smile Campaign’ under which the entire staff of the Bank, again on a Sunday visited hamlets and busties across the country spreading smiles and banking. The response was overwhelming proving that the poor are bankable.
The financial inclusion plan is also being implemented through the Bank’s Sampoorna Scheme which seeks to bring total village development in select villages