Government to provide banking service through CSCs

Q.  What does VLE stand for in the context of Indian banking?
- Published on 22 Feb 16

a. Voluntary Local Entrepreneur
b. Village Level Entrepreneur
c. Village Level Enterprise
d. None of the above

ANSWER: Village Level Entrepreneur
Common Service Centres are being channelised and withdrawal facility introduced here in order to provide banking services to each village of the nation by leveraging technology. Facility has been introduced so that banking access point is there in every village. Village level entrepreneurs have earned INR 438 crore as commission so far, financing the startup revolution in India and making the gram panchayat digitally literate.

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