Thursday, February 11, 2016

SBT to sponsor NeFMS under MGNREGA

Union cabinet has instigated an electronic fund management system for direct and faster release of wages under the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) scheme.
  • Centre has introduced this scheme in the country for the first time and picked upKerala for the pilot project.
  • Thiruvananthapuram headquartered State Bank of Travancore (SBT) is thesponsor bank for this scheme.

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