SRINAGAR: The J&K Bank Saturday conducted various financial literacy camps in Udhampur, Baramulla and Kupwara districts of the state.
In an official handout issued here, the bank said it organised awareness camps at Latti and Dudu Basantgarh where its remotest business units are located in Udhampur.
Speaking on the occasion, Cluster Head Udhampur, S Iqbal Singh, highlighted the bank’s initiative to provide banking facilities in unbanked areas.
He also apprised the participants about the salient features of the recently-launched Pradhan Mantri Jan Dhan Yojna and Social Security Schemes like JJY, SBY and Atal Pension Yojna.
He also spoke about various services and products of the bank, assuring the audience that the bank “will always cater to their financial needs and redress of their grievances, if any”.
The bank’s Financial Literacy and Credit Counselling (FLCC) centre Baramulla organised a financial literacy camp, in collaboration with the local business unit, at Government Higher Secondary Institute at Chandoosa in Wagoora block, the handout said. A number of students participated in the event along with the teachers and the school’s Principal Abdul Rashid Malik.
Facilitator FLCC Mohammad Sultan Dar informed the audience about financial planning, savings, advantages of savings with banks, concept of business correspondents, khidmat centres, difference between formal and informal source of borrowings, and different type of borrowings.
Similar camps were conducted in villages Dukalbal, Wadura Bala, Gosh Bugh and Kreeri Pattan, and at RSETI Sopore.
The bank’s Kupwara FLCC organised three financial literacy camps at Surkuli, Nagsari, and Dai Magam in collaboration with Lead Bank Office, the handout said, adding that the bank also participated in an awareness camp organised by J&K Grameen Bank Kupwara at Brameree.
The camps were attended by people related to agriculture, trade, and fruit business. Trainees of a local skill development centre and other service sectors also participated.
Facilitator FLCC apprised the participants about the importance, concept and the purpose of the camps.