KL Report
Srinagar
With a view to educate the rural people J&K Bank organized financial literacy camps in Shopian, Bandipora and Uri where locals were given detailed overview of the various schemes available in the banks for rural areas.
In Shopian, lead district manager M Saleem Wani discussed Kissan Credit Card scheme and asked the people to adopt the scheme for the overall growth of horticulture and agricultural products. He urged the participants to avail low interest loan schemes of banks under KCC, which carries a further interest subvention of 3% if the debts are repaid within a specified period of time.
As per statement, many other schemes like housing loan, artisan finance and educational loan for students and its interest subsidy were also discussed.
In Bandipora, awareness camps were conducted at Soderkote Bala, Shahgund, Malangam, Pazalpora and Higher Secondary School Hajin in Bandipora where camps were attended by large number of local villagers including students, teachers, panches and sarpanches.
Officers from FLCC Bandipore and Lead Bank explained in detail the benefit of savings with the banks. The participants were educated about KCC besides various bank schemes that have been tailor-made to meet their financial requirements.
In Uri, a financial literacy camp was organised at Government High school Gingle in Uri civil, which was attended by a gathering from villages Gingle and Dhani-sayda where facilitator FLCC Baramulla explained the purpose of opening of FLCC centres by lead banks in their respective states.
As per statement, he discussed opening of no-frill accounts, introduction of smart cards and benefits of being linked to financial institutions like multiplication of savings, passing on the benefits of the subsidies directly to the beneficiaries’ accounts without the interference of middlemen.
Head B.U Uri Civil also deliberated upon education loan scheme, trade loans, transport loans, loans to agriculture and allied activities and other income generating loans for educated unemployed youth. He also discussed Bank’s various deposit schemes.
On the other side, a customer meet was also held at Nallamar, Srinagar which was attended by a group of customers ranging from traders community to general depositors, who discussed various problems and sought for solutions.
The Bank’s Vice President Kashmir (Central) Vaqar-ul-Nazki chaired the meeting. He was also joined by AVP Mohammad Sultan Dar and Head Marketing Division Mohammad Ayoub Wanchoo.
While speaking on the occasion, Vice President said that the bank’s policy for non-payment of the cash above Rs 50,000 at branch level was completely in accordance with the RBI directives issued from time to time.
Regarding the settlement of remission cases, he reiterated that the Bank duly takes into the consideration all the parameters before disposing off any such cases.
