Unbanked panchayats of Odisha: Is penetration the real problem?

The CSP Plus Bank outlets, if and when they appear, would have to function in this relaxed and footloose ambiance. It would be nothing short of a miracle if the CSP Plus Avatar succeeds.

Unbanked panchayats of Odisha: Is penetration the real problem?

It seemed except for me, everyone else in Odisha understood what 'CSP Plus’ meant and what panacea it would lead to. Even Odia print media wrote about “CSP Plus” with ease and gusto as if it was a household name, like “tankikia chaula” (one rupee rice). I wasn’t sure if the people of Kakharu Jhol Grama Panchayat (GP) in Chakapada Block too rejoiced after the recent government decision that all GPs going without Banks would have CSP Plus Bank outlets. I presume Kakharu Jhol GP in Chakapada Block of Kandhamal District is on the list. This habitation is at a distance of 16 kms from Chakapada. Chakapada is a widely known place where Lord Bitupakhya (Siva) is the presiding deity and is worshipped both by the Adivasi and the non-Adivasi devotees. Near the temple of Bitupakhya is the river Brutunga, flowing towards its goal -- to merge with the Mahanadi.  

It had always looked to me like the most unfortunate situation that Odisha would have 65% of its 6798 GPs (4373 of them) without commercial Banks. It is telltale evidence of abysmal poverty in most rural areas of the state where there was neither cash surplus with families to keep their savings in the Bank nor entrepreneurship to borrow and invest, even in micro-enterprises. The population in 65% of the state’s GPs has been made to remain in a state of subsistence. True, these GPs would have low population density but assuming an average population of 3500 per each such GPs, these GPs reflect the state of the economy of at least 15 million people of the state who live there. Even in the case of the 35% of the GPs, which host Banks, the situation has never been hunky-dory.