JKGB finances SHG under UMEED scheme

Janak Raj Angural, Chairman JKGB, presenting a cheque to a beneficiary of UMEED scheme in Samba district.
Janak Raj Angural, Chairman JKGB, presenting a cheque to a beneficiary of UMEED scheme in Samba district.

Excelsior Correspondent
SAMBA, May 22: J&K Grameen Bank (JKGB) financed a Self Help Group (SHG) named ‘Jai Gurudev’ to the tune of Rs 2 lakh under UMEED scheme of National Rural Livelihood Mission (NRLM).
The amount in the form of a cheque was handed over to the beneficiary namely Santosh Kumari by Janak Raj Angural, Chairman JKGB. The financed was done by Branch Office Samba of JKGB. Other dignitaries present during the occasion were Vipan Gupta (HoD, FIID), Ajay Bharti (HoD, GAD), K L Sharma (HoD, HRDD), Mukul Mehta (Private Secretary to Chairman) and Satdev Singh.
Later, the Chairman also visited Branch offices Samba, Swankha Morh, Jakh and Kartholi. He encouraged the Branch Heads to promote schemes like Self Help Group (SHG), Joint Liability Group (JLG), NRLM, KCC, etc. The JKGB Chairman impressed upon the Branch Heads to extend the coverage of various SHG, JLGs and disburse quality KCC loans and ensure KCC RUPAY cards are issued to each and every KCC holder.
He talked in detail about schemes of SHG, JLG, NRLM, KKC Loans and its accompanying benefits during his interaction with the customers of branches visited. He said that promotion of these schemes become our moral duty as bankers because by timely financing needs of aspiring rural populace, we can make them turnaround their lives in the best possible way.
Rahul Slathia, Branch Head, Samba, assured the Chairman that his branch will actively engage with the operational SHGs, JLGs and ensure that quality credit is dispensed after thorough appraisal, thereby ensuring credit is made available at the right quarters for overall economic development.
Vipan Gupta said that the Bank will continue with its active contribution in Micro Finance and Financial Inclusion activities throughout the State.