The Tamil Nadu government is transforming ration shops into micro-ATMs, offering last-mile banking access to underserved communities. This project signifies a significant step towards financial inclusion in Tamil Nadu. It leverages existing infrastructure to provide essential banking services and empowers communities. As the program progresses, we can expect further details on the rollout plan and potential adjustments to withdrawal limits.

Get ready for a convenient cash withdrawal option! Ration shops across Tamil Nadu, operating under the cooperative sector, are set to become micro-ATMs. This innovative initiative aims to bridge the gap in banking services, particularly in rural areas or those lacking ATMs and bank branches.

Here's how it will work:

• Customers will be able to withdraw money directly from their bank accounts at ration shops.
• Ration shopkeepers will be equipped with Point-of-Sale (POS) machines to facilitate these transactions.
• The initial withdrawal limit is set at Rs 2,000 per day, with the potential for future increases.

Benefits:

• Enhanced Accessibility : This initiative empowers residents in underserved communities, particularly those far from ATMs, with easier access to cash withdrawal services.
• Convenience : Ration shops are already familiar locations for many, making cash withdrawals more convenient and integrated with routine errands.