The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that Indian Oil Corporation Limited (IOCL) has set up 6811 Kisan Seva Kendras (KSKs) in rural and remote areas in the country as on 01-10-2016.
A Memorandum of Understanding (MoU) has been signed between IOCL and State Bank of India (SBI) on 13-07-2016 to set up SBI Customer Service Point at IOCL`s KSK by appointing KSK dealers as Business Correspondents of SBI.
SBI has launched a scheme called Customer Service Point which is operated by appointing Business Correspondent. Business Correspondent as an intermediary provides banking services to financially excluded population at affordable cost such as opening of Small Accounts (SB), Flexi Recurring Deposit, Special Term Deposit, Over Draft, Cash Deposits/Withdrawals/ deposit in Loan accounts, Remittances, other services, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Jeevan Suraksa Yojana, Atal Pension Yojana, Direct Benefit Transfer, Immediate Payment Service, Insurance Products etc. SBI will utilize its network to reach various banking services through Business Correspondent at IOCL KSK.