Disseminating the information about Prime Minister’s Jhan Dhan Yojna (PMJDY) in Baramulla J&K Bank conducted various financial literacy camps in blocks Kunzer, Wagoora and Singhpora in Baramulla.
Financial Literacy and Credit Counseling Centre Baramulla organized a financial literacy camp regarding Prime Ministers Jhan Dhan Yojna and other schemes of the Bank in collaboration with J&K Bank Business Unit Sonium at Government Boys High School Village Yaal in Block Kunzer.
The camp was attended by the inhabitants of Yaal comprising of farmers, teachers, students and other craftsmen.
Speaking at the camp, Facilitator FLCC Baramulla Mohammad Sultan Dar informed the audience about financial planning, budgeting, advantages of savings with banks, concept of Business Correspondents, khidmat centres, difference between formal and informal sources of borrowing, different type of borrowings.
He also deliberated upon Kissan Credit Card Scheme, Education loan scheme and various income generating loan products of banks for awareness of the audience. He stressed upon the proper end use of funds by establishment of units and repayment of regular installments.
The facilitator apprised the participants in detail about the Prime Ministers Jhan Dhan Yojna for comprehensive coverage of all the financially excluded households in the country by a six pillar approach in two phases.
Since the overdraft facility is preferably to be 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 spoke about Electronic Benefit Funds Transfer (RTGS & NEFT).
Javaid Ahmad Pandith Business correspondent for the village was also introduced on the occasion.
Certain clarifications were sought by the audience regarding Jhan Dhan Yojna and various products of bank which were duly addressed by the speakers on spot.
The camp ended with a vote of thanks.
After the literacy camp the branch staff along with business correspondent started village survey and opening of accounts under Prime Ministers Jhan Dhan Yojna.
Similar camps were organized in villages Wagoora in block Wagoora, Chhana Mohalla and Baliharan in block Singhpora.