Saturday, April 26, 2025

Growing crime driving people to banks in Meghalaya

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Shillong: The growing crime rate in the State is driving more and more rural folk to save their hard earned money in banks.

Asked about it, an official of a rural bank, on condition of anonymity, said “I’m inclined to think it’s true on the basis of what I’ve heard from rural folks who come to save their hard earned earnings in our bank.”

Earlier, banks serving in rural areas could at most garner savings from contractors, petty businessmen and in mining areas, from coal miners and traders.

But with cases of thefts and robbery on the upswing in Meghalaya, rural folk in particular are quietly going to banks to stash their hard earned incomes.

It is not the alluring incentives which banks offer that cause rural folk to save, but the iron clad security from thefts and robbery which banks offer.

People in villages in particular are stashing their hard earned income not under their mattresses or inside the hollow of bamboos as in the past, but in secure lockers where no thief or robber can lay hands on them. (UNI)

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