Banks supposed to implement policies of govt: P. Chidambaram

Written by PTI | Sivaganga | Updated: Nov 24 2013, 04:26am hrs
P ChidambaramP Chidambaram said banks were supposed to implement policies of the government (Reuters)
Union Finance Minister P. Chidambaram today said banks were supposed to implement policies of the government.

Declaring open branches of the United Bank of India at Mathakupatti and Kallal in the district today, he said people could approach banks for financial assistance and the financial institutions would extend them all possible help.

He said united bank of india had 1879 branches through out India and was most popular bank in West Bengal, Odisha and north eastern states.

P. Chidambaram also dedicated Khadi cluster at Kandanur to the nation with an appeal to people to spend at least one per cent of the expenses in buying the Khadi products.

He said even if the people "spend one per cent of what they spend on buying things for buying khadi products, it will help the people in the villages".

The Finance Minister himself gave 26 acres of land for the cluster and ensured that the Centre invested Rs 600 core in setting up the cluster.

He said weavers were now paid Rs 120 a day.