Excelsior Correspondent
SRINAGAR, Sept 2: J&K Bank conducted series of financial literacy and credit counseling camps at different villages in Baramulla.
The bank’s Financial Literacy and Credit Counseling (FLCC) Centre organised these camps at Sherwani Hall Baramulla, Government High School Sangri Bala in Gujjar Patti, Government High School Balhama in Rohama and at Panchayat Ghar in Shochpalpora Pattan.
Scores of artisans, growers, students and other residents including women from all parts of the district turned up at the awareness camps organized in collaboration with the bank’s local Business Units or with Handicrafts Department.
Speaking at these programmes, Facilitator FLCC center Baramulla Mohammad Sultan Dar said that Pradhan Mantri Jan Dhan Yojana (PMJDY), would help bring transparency through direct transfer of social security benefits.
He informed the audience about basics of financial planning, budgeting, saving with banks and its advantages, Artisan Credit Card, concept of Business Correspondents, Khidmat centres and different types of borrowings. He spoke about Electronic Benefit Funds Transfer (RTGS and NEFT).
He also deliberated upon Kisan Credit Card Scheme, education loan scheme and various income generating loan products of banks besides sharing the knowledge about customer rights, benefits of timely repayment and proper end use of funds.
The meeting at Sherwani Hall was chaired by Additional DDC Baramulla, while speaking insisted upon the bankers to bring more and more unbanked areas within the financial fold.
Lead District Manager Baramulla Javaid Ahmad Qureshi spoke about the role of lead bank which includes preparation of credit plans and their implementation in the district.
Meanwhile, an in-house credit counseling session was conducted by FLCC Centre Baramulla at RSETI Sopore for trainees undergoing Entrepreneurship Development Programme for capacity and skill building.
Awareness was imparted to the trainees regarding Artisan Credit Card, Kisan Credit, education loan, laptop finance and Government sponsored schemes that are tailored to provide avenues of employment to the to the unemployed educated youth.
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