J&K Bank convenes DLRC in Baramulla, conducts camps

KL Report


J&K Bank conducted a DLRC Meeting at Meeting Hall of Dak Bungalow Baramulla to review achievements under Annual District Credit Plan 2013-14. The meeting was chaired by the District Development Commissioner (DDC) Baramulla.

Lead District Manager (LDM) Baramulla informed the house that under priority sector the banks have disbursed an amount of Rs. 312.99 crores, which includes Rs 159.41 crores to Agriculture, Rs 75.49 Crores to Small Enterprises and 78.09 crores to service sector thereby achieving 37.51% of targets set in District Credit Plan 2013-14.

Speaking on the occasion, DDC and Chairman DLRC advised all the banks and the sponsoring agencies to work with cooperation so as to achieve the goals of district’s development.

The house was informed that 21617 beneficiaries were benefited under District Credit Plan 2013-14 and the total amount of Rs 505.89 Crore was disbursed under various schemes.

Under priority sector advances the district has achieved a growth of 30% on y-o-y basis. The agriculture sector has witnessed 47% growth on y-o-y basis.

Poonch Camp

The bank’s FLCC center in Poonch organised an awareness camp at village Sawjian in Mandi, Poonch, in which a large number of locals participated.

FLCC Poonch spoke about the benefits of bank linkage and urged the participants to open accounts with their nearby bank branches to avail the benefits.

The participants were made aware about the necessity of opening bank accounts in view of the government policy on Direct Transfer of Social Benefits.

Bandipore Camps

During the last month the bank’s FLCC center Bandipora conducted awareness camps at Athwattoo, Saidanara, Chitty-banday, Ashtangoo, Pazalpora, Mantrigam and RSETI Bandipora in collaboration with LDM Bandipora.

The camps were attended by cross-sections of society. Facilitator FLCC informed the participants about the importance of relationship with the banks besides were made aware about Deposit and Advance products provided by the financial institutions.

Baramulla Camps:

The bank’s FLCC Baramulla center conducted awareness camps in collaboration with the bank’s B/U Uri at Government High School in Isham and Panchayat Ghar in Uroosa, where in people from the village and its adjacent areas attending the camp included farmers, businessmen, contractors, shopkeepers, transporters and unemployed educated youth.

Facilitator FLCC explained in detail how financial inclusion would help in transfer Social Security Benefits like MGNREGA wages, old age pension, widow pension, cash transfer in lieu of LPG subsidy without involvement of intermediaries and avoid delays involved in the existing system.

He also spoke about Electronic Benefit Funds Transfer (RTGS & NEFT).

The center also participated in a mega kisan mela cum awareness camp organized by the District Agriculture Department, which was attended by a large number of farmers.

Facilitator FLCC Baramulla informed the people that the objective of establishing FLCCs across the state was to facilitate financial inclusion through information of and access to financial institutions.

He also deliberated upon Kisan Credit Card scheme, Education Loan and various income generating loan products of banks for awareness of the audience.


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