JK Bank organises literacy, awareness camps

SRINAGAR: J&K Bank Tuesday organised financial literacy and credit counseling sessions in Sopore town of north Kashmir’s Baramulla district.
A camp was held at its Rural Self Employment Training Institute (RSETI) Sopore, with participation from a batch of 60 trainees, who are undergoing Entrepreneurship Development Programme.
Director RSETI, Riyaz Ahmad Mir, spoke about the importance of the session.
Facilitator FLCC Baramulla informed the audience about benefits of saving with the banks. He discussed the banks’ various attractive services such as Savings Bank Account, Recurring Deposit, and Mehandi Deposit.
He explained to participants the benefits of banks’ products like Kisan Credit Card, Education Loan, Computer and Laptop Loan, and of the subsidy-linked plans of the government agencies. Customer rights and responsibilities were also discussed.
Talking about finalizing the credit proposals with the Bank, the Facilitator educated the trainees about pre-sanction, post-sanction and post-disbursement formalities required to be completed by them.
He asked them to establish their units for income generation.
Another credit counseling camp was organised in Seer Jagir village of the town.
Meanwhile, the Bank organised an awareness camp, regarding the Prime Minister’s Jan Dhan Yojna (PMJDY), and a Coin-cum-Note exchange mela at Majalta in Udhampur district of Jammu.
Speaking on the occasion, Cluster Head S Iqbal Singh highlighted the Bank’s efforts to provide world class banking facilities to areas which are yet to be covered by banks.
He also informed the audience about the salient features of PMJDY, educating them about the benefits of Insurance and RUPAY Cards.
On the occasion, 1,332 pieces of mutilated currency notes were exchanged and coins of denomination of Rs 1, 2, 5 and 10 were distributed.
Head B U Majalta presented vote of thanks and appreciated the people’s participation.