Mon Feb 23 16:48:27 UTC 2026: ### Headline: Banking Expansion Spurs Economic Growth in Rural India

The Story:

Union Minister for Civil Aviation, K. Rammohan Naidu, inaugurated a new State Bank of India (SBI) branch in Nimmada village, Srikakulam district on Monday, February 23, 2026. The Minister emphasized that expanding banking services in rural areas would stimulate economic activity and benefit villagers. He highlighted the impact of the Narendra Modi government’s Jan Dhan Yojana, launched 11 years ago, in promoting financial inclusion across the country.

Key Points:

  • K. Rammohan Naidu inaugurated a new SBI branch in Nimmada village, Srikakulam district.
  • The Minister stated that banking expansion would spur economic activity in rural areas.
  • He credited the Narendra Modi government’s Jan Dhan Yojana for financial inclusion.
  • SBI Amaravati Circle Chief General Manager Rajesh Kumar Patril and other bank officials were present.
  • The inauguration coincided with the 69th birth anniversary of K. Yerrannaidu, the Minister’s father and former Union Minister.

Key Takeaways:

  • The Indian government continues to prioritize financial inclusion as a key strategy for rural economic development.
  • Expansion of banking infrastructure is seen as a catalyst for increased economic activity in rural areas.
  • The Jan Dhan Yojana, initiated 11 years prior, is still being highlighted as a successful government program.

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