The empowerment of farmers and strengthening of the rural economy should be a key focus for India’s banking sector, stated President Droupadi Murmu in her address during the 120th Foundation Day celebrations of City Union Bank in Chennai on Tuesday, reported news agency ANI.

President Murmu emphasised that banks can play a significant role in transforming Micro, Small and Medium Enterprises (MSMEs) into engines of growth.

“From start-ups to smart cities, there is a whole range of areas in which banks can help. Banks can become active partners in the making of a developed India,” she said, according to ANI.