₹419 Crore Loans Distributed in Tripura as Govt Expands Financial Inclusion and Rural Credit Access

During the outreach event, participating banks sanctioned and disbursed loans worth approximately ₹419.11 crore to 10,162 beneficiaries across multiple sectors.

The Government of India has intensified its push to expand financial inclusion and credit access in the Northeast, with more than ₹419 crore in loans distributed to over 10,000 beneficiaries during a major Credit Outreach Program held in Tripura West district.

The programme, organised in Agartala on 26 May 2026, was chaired by M. Nagaraju, Secretary of the Department of Financial Services (DFS) under the Ministry of Finance, and attended by senior officials from the Government of Tripura, public sector banks, financial institutions, and development agencies.

The initiative forms part of the Centre's broader strategy to strengthen banking penetration, support entrepreneurship, improve access to finance, and accelerate economic development across northeastern states.

Over 10,000 Beneficiaries Receive Financial Support

During the outreach event, participating banks sanctioned and disbursed loans worth approximately ₹419.11 crore to 10,162 beneficiaries across multiple sectors.

The beneficiaries included:

• Small business owners

• Entrepreneurs

• Farmers

• Self-help groups

• Micro and small enterprises

• Individuals accessing government-backed credit schemes

Officials said the programme aimed to improve credit flow to priority sectors and strengthen grassroots economic activity in Tripura.

The event also saw NABARD and SIDBI handing over sanction and disbursement cheques for various development and enterprise projects.

Expansion of Banking Infrastructure Across Tripura

As part of the event, several banking infrastructure initiatives were launched to improve access to financial services in remote and underserved areas.

These included:

• Virtual inauguration of a Union Bank of India branch at Santibazar in South Tripura

• Launch of a Punjab National Bank ATM at Pecharthal in Unakoti district

• Opening of State Bank of India Customer Service Points across five locations in Tripura

Officials said the expansion of banking facilities is intended to:

• Improve financial accessibility

• Promote digital banking

• Increase rural banking penetration

• Support direct benefit transfers

• Strengthen formal financial systems in remote regions

The Government has been focusing heavily on financial inclusion in northeastern states as part of its broader regional development agenda.

CSR Support for Healthcare Services

The programme also included several healthcare-related Corporate Social Responsibility (CSR) initiatives by public sector banks.

Punjab National Bank and Union Bank of India flagged off ambulances sanctioned to the Chief Medical Officer under their CSR programmes.

In addition, State Bank of India handed over cheques worth ₹36.28 lakh for the purchase of medical equipment.

Officials noted that the initiatives are aimed at strengthening healthcare access and emergency medical support infrastructure in Tripura.

Government Highlights Success of Financial Inclusion Schemes

Addressing the gathering, DFS Secretary M. Nagaraju highlighted the progress achieved in Tripura under various flagship financial inclusion and social security programmes of the Government of India.

He specifically referred to the implementation of:

• Pradhan Mantri Jan Dhan Yojana (PMJDY)

• PM Mudra Yojana

• Pradhan Mantri Jeevan Jyoti Bima Yojana

• Pradhan Mantri Suraksha Bima Yojana

• Atal Pension Yojana

The Government said these schemes have played a major role in expanding:

• Access to banking services

• Insurance coverage

• Pension security

• Entrepreneurship financing

• Financial literacy

particularly among low-income and previously unbanked populations.

Focus on Entrepreneurship and Rural Economic Growth

The large-scale credit disbursement reflects the Government's continued emphasis on improving access to institutional finance for small borrowers and emerging entrepreneurs.

Schemes such as PM Mudra Yojana have become central to efforts aimed at supporting:

• Micro-enterprises

• Rural businesses

• Women entrepreneurs

• Youth self-employment

• Informal sector financing

Officials said expanding access to formal credit is critical for reducing dependence on informal lending networks and improving economic resilience.

Senior Officials and Banking Leaders Participate

The event was attended by several senior officials and banking executives, including:

• Tripura Finance Secretary Prashant Goyal

• State Bank of India Managing Director Ashwini Kumar Tewari

• Punjab National Bank Executive Director M. Paramasivam

• NABARD Deputy Managing Director G. Rawat

Senior officials from:

• Department of Financial Services

• State Government departments

• District administration

• Public sector banks

• Financial institutions

also participated in the programme.

Northeast Remains Priority for Financial Inclusion

The outreach programme underscores the Government's continued focus on expanding banking services and economic opportunities across India's northeastern region.

Over the past decade, the Centre has significantly increased investment in:

• Rural banking infrastructure

• Digital payments systems

• Financial literacy programmes

• Social security enrolment

• Credit-linked development schemes

The Government has repeatedly stated that strengthening financial inclusion is essential for:

• Poverty reduction

• Rural development

• Entrepreneurship growth

• Employment generation

• Regional economic integration

Officials say programmes such as the Tripura credit outreach initiative are intended to ensure that economic growth and formal financial services reach communities at the grassroots level.