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The top brass of the Mizoram Rural Bank (MRB), one of the top performers among the 43 Regional Rural Banks (RRBs) in India, have met Mizoram Governor Hari Babu Kambhampati at the Raj Bhavan and apprised him about the performance of the bank and its future missions.

The MRB delegation was led by its Chairman Vadde Jaya Chandra and General Manager C. Ramdinsanga.

While appreciating the progress and success of MRB, the Governor expressed his concern that most of the people in the state are still unaware about the various social security schemes that are freely available and are being implemented through the banks.

According to an official statement, the Governor requested the bank officials to concentrate on creating awareness about schemes such as the Pradhan Mantri Suraksha Bima Yojana, an accident insurance scheme that provides one year of accidental death and disability coverage.

Kambhampati also mentioned other Central government welfare schemes that are not being availed by the people of Mizoram due to poor awareness campaigns.

The Governor urged all the banks in Mizoram to double their efforts in financial literacy and education of the beneficiaries on Central government's welfare schemes and advised the bank officials to rope in the assistance of NGOs, including the Young Mizo Association and churches in this regard.

According to the MRB officials, the bank has 97 branches across 11 districts in Mizoram, having over nine lakh accounts (75 per cent) in the mountainous state with a population of around 12 lakh.

The bank reported Rs 38.55 crore net profit in the 2020-21 financial year, which is the second highest among all RRBs in the northeast region after the Tripura Gramin Bank, its officials claimed.

A senior MRB official said that till January this year, the credit-deposit ratio of the bank stood at 58.39 per cent.

The market share of MRB in the total deposits in Mizoram for 2020-21 stood at 29.88 per cent, and in the same period, the market share of MRB to the total advances in the state stood at 33.86 per cent.

The MRB is also the best performing bank in Mizoram in terms of social security schemes, as per the ranking of the State Level Bankers' Committee.

The MRB has also prepared its vision 2023 to establish 300 customer service points.

For adoption of one village in each of the 11 districts of the state to achieve 100 per cent financial inclusion, 11 villages have already been adopted in Phase 1, and under the Model Village Scheme Phase II, another 11 villages would be adopted.