KL NEWS NETWORK
Spreading the financial literacy across rural and suburban spaces in the state, J&K Bank conducted various financial awareness camps in Budgam, Baramulla and Bandipora. These camps were sponsored by NABARD.
In association with Lead Bank, NABARD, RBI, BCs, bank’s business units and other agencies, the bank’s Financial Literacy and Credit Counseling center Budgam organized a series of camps across district Budgam in Seerbagh, Malikgund, Qaisarmulla, Gundi Shamas, Barwah, Girls Higher Secondary School Ottilgam Beerwah, Holi Mission School Narbal and JKB RSETI Budgam.
According to bank spokesman, participants were educated about the basics of banking with special focus on PMJDY Scheme enabling them to avail the banking facilities at affordable costs and ensure access to financial services like deposit accounts, remittances, credit, insurance and pension.
Speakers explained Social Security Schemes namely PMSBY, PMJJBY and APY which have been tailored for rural poor, marginalized farmers, working class and weaker sections of the society to ensure the security and safety of their lives and pension benefits after 60 years of age.
DDM NABARD, who participated in some camps, assured the participants of financial support from banks to educated unemployed youth for establishing their own ventures and create employment opportunities for themselves and others as well.
In Baramulla the bank’s FLCC center an awareness camps at Trikanjan Boniyar in collaboration with a local NGO and at RSETI Baramulla.
The participants at the camp were apprised about Self Help Groups, Joint Liability Groups, Prime Ministers Jan Dhan Yojna and other schemes of the Bank.
Speaking on the occasion, Facilitator FLCC Mohammad Sultan Dar informed the audience about financial planning, budgeting, savings, advantages of savings with banks and documents for opening of accounts under KYC norms.
He explained vision, mission and the benefits of the PMJDY scheme and emphasized upon the audience with regard to the activation of Rupay Debit Cards and seeding of Adhaar Cards in their bank accounts so that they get benefited under PMJDY and other schemes.
Certain clarifications were sought regarding various products which were duly clarified by the speakers on spot.
Meanwhile, FLCC center Bandipora organized various awareness programmes across the district at Nadihal, Bonakoot, Lawdara and Ajass.
Speakers emphasized the importance of awareness regarding banking and its products for the financial development of societies.
Besides PMJDY, special focus was laid on Atal Pension Yojana, which they said, was the only scheme to take care of old age financial concerns of poor and weaker sections.