Varanasi: Anaj Bank helping poor to overcome demonetisation woes

The Anaj Bank was established in 2014 to provide people to collect money in exchange of grains.

By: ANI | Varanasi | Published:November 20, 2016 11:26 am
Varanasi, Varanasi news Anaj Bank, Demonetisation, exchange of grains, currency exchange, queue, latest news, Indian express Senior citizens queue up outside a bank. (Express Photo by Dilip Kagda)

In the wake of problems faced by common people after the demonetisation of high currency notes, a unique Anaj Bank in Varanasi is distributing grains as currency to the people. The Anaj Bank was established in 2014 to provide people to collect money in exchange of grains.

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Now, the bank is handing over upto five kilograms of grains to the needy in exchange of currency. “We are facing a lot of problems. We are poor people. So, from where do you expect us to get change of Rs. 2000,” said Shanti Devi, one of the recipients of grains in exchange of currency.

Earlier, there were only 200 accounts in the bank. Now there are around 428. People submit grains over here which are later distributed to the poor.