Punjab National Bank (PNB), an India-based bank and lender, has announced its intentions to open 100,000 ATMs with embedded biometric scanners in the rural areas of India to better serve the illiterate and semi-literate populace, according to a Business Standard article. The bank expect to hit the target by 2013 and are also offering many other benefits designed to attract the low-income citizens who generally relying on agriculture and small-scale industries and do not lend their business to a bank.
The use of biometric ATMs is integral as it is expected to ease those that are mostly or entirely illiterate into using the machines and accessing their account. In addition to this PNB is also working towards opening training facilities that will help teach the local populations in financial literacy.
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