J&K Bank organises financial literacy camps

SRINAGAR: J&K Bank Tuesday conducted various financial literacy camps in parts of Baramulla in north Kashmir blocks to disseminate information about Prime Minister’s Jan Dhan Yojna (PMJDY).
In a press statement issued here, the bank said the camps were held in Kunzer, Wagoora, and Singhpora blocks of the district.
It said the Financial Literacy and Credit Counseling (FLCC) centre organized the financial literacy camp regarding PMJDY and other schemes of the bank in collaboration with J&K Bank Business Unit Sonium at government boys high school in Yaal village at Kunzer.
“The camp was attended by the inhabitants of Yaal including the farmers, teachers, students, and other craftsmen,” it added.
Speaking at the camp, Facilitator FLCC Mohammad Sultan Dar deliberated upon kissan credit card scheme, education loan scheme and various income generating loan products of banks, the statement said.
“He stressed upon the proper end use of funds by establishment of units and repayment of regular installments,” it said.
“He informed the participants about the PMJDY for comprehensive coverage of all the financially excluded households in the country by a six pillar approach in two,” it added.
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, it said.
Javaid Ahmad Pandith, business correspondent for the village, was also introduced on the occasion, it said.
After the camp, the branch staff along with business correspondent started village survey, it said, adding that similar camps were organised in villages of Wagoora and Singhpora.