Excelsior Correspondent
SRINAGAR, Apr 17: Always eager to explore employment opportunities for the youth of the State, J&K Bank has been lauded for its role as an employment generator and employment facilitator. It was with this spirit, and in view of the fact that nobody was coming forward to act as implementing agency for the project, the J&K Bank offered its services to act as Service Centre Agency for the Ministry of IT, Government of India’s CSC Project, a cornerstone of the National e-Governance Plan.
Having done its bit by identifying Village Level Entrepreneurs (VLEs), extending financial assistance to them and providing infrastructure for establishment of CSC (read Khidmat Centres), Bank has assisted VLEs turn their Centres into functional service outlets. Bank also provided services like documentation of loan proposals, besides awarding, to many CSCs, Business Correspondent status to multiply their revenue receipts.
Pertinently, as and when the revenue support funds are released by the Service Designated Agency (SDA) of the Project, J&K Bank has immediately disbursed the same to VLEs despite the fact that revenue support would otherwise accrue to the bank. This is done at the behest of the J&K Government, with the objective to ensure sustenance and success of the project and the VLEs. However, if the revenues are not forthcoming, there is nothing J&K Bank can do in this regard.
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