Diary of J&K Bank Financial Literacy camps in Budgam, Baramulla



J&K Bank organized a series of financial literacy camps in Budgam and Baramulla during the last many weeks, a company statement said Monday evening.

Budgam Camps

The bank’s Financial Literacy and Credit Counseling center Budgam organized  awareness camps regarding financial literacy and schemes like Pradhan Mantri Suraksha Yojana (PMSBY) at Government Higher Secondary School Chadura and Sheikh ul Alam Hall (RA) Budgam in collaboration with J&K State Resource Centre, University of Kashmir.

Speaking on the occasion, Facilitator FLCC Budgam A H Rafiqi apprised the participants at both the camps about the benefits of financial literacy and advantages of various government schemes.

Speaking about PMSBY, he said, “PMSBY is an insurance scheme which has been launched for rural poor, working class and weaker sections of the society to insure the security of their lives against unfortunate event of death due to accident or disability at an affordable premium of Rs 12 year to be deducted through their account under Auto Debit Facility.”

All the participants were encouraged to avail the benefits of the scheme.

The representatives from the bank’s business units at Chadura and Budgam educated the participants about the procedures of enrolling under the scheme by filling the forms available with Business Correspondents (BC) and branches of the Bank.

The participants hailing from different blocks of the district were urged to participate actively in this scheme while the banks and BCs were advised to arrange the forms at the centre so that maximum beneficiaries are enrolled by involving their filed staff in the said process.

Besides the participants were informed about other schemes like PMJDY, usage of Rupay Cards, DRI Scheme and artisan loan schemes suitable for low income group of the society including formation of Self Help Groups. The participants were encouraged to improve their economic conditions by opting for such schemes available at their nearest bank branches on relaxed norms and low rate of Interest.

The In-charge SRC thanked the Facilitator FLCC and the bank representatives for providing vital information to the participants regarding PMSBY and other related poverty elevation schemes enabling them to improve their livelihood conditions.

Similar camps were conducted in Sofi Mohalla Khaag jointly with NABARD and at RSETI Budgam

Baramulla Camps

The bank’s FLCC center at Baramulla participated in a mega camp organized by Press Information Bureau under Bharat Nirman Public Information Campaign at Mini Stadium Uri for three days, wherein all the concerned departments and banks operating in the district participated.

J&K Minister for Rural Development, Panchayati Raj Abdul Haq inaugurated the camp and apprised the audience regarding various developmental schemes being initiated for District Baramulla in general and Block Uri in particular.

Speaking on the occasion, Facilitator FLCC Baramulla spoke in detail about the Prime Ministers Jhan Dhan Yojna for comprehensive coverage of all the financially excluded households in the country.

Since the overdraft facility under PMJDY is preferably allowed to the females, the facilitator urged upon the audience to open two accounts both for male and female heads of the family as per the scheme.

He also deliberated upon Kissan Credit Card Scheme in detail.

Similar camps were organized at RSETI Sopore and at Government Higher Secondary School in Village Hadipora of Block Rohama.


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