NABARD conducts financial literacy camp

SRINAGAR: National Bank for Agriculture and Rural Development (NABARD) Saturday conducted one day Financial Literacy Camp in collaboration with NGO Cultural Educational and Environmental Organisation at Budgam.
The District Development Commissioner Budgam, Altaf Ahmad Mir, was guest of honour in the camp, which was attended by District Development Manager NABARD, Zubair Ashraf Wasil, LDM Budgam Shahzab Hussain, Cluster Head J&K Bank M A Wanchoo, and FLCC Budgam A H Rafiqui.
On the occasion, the District Development Manager NABARD discussed various developmental schemes, such as farmers’ clubs, self help groups, and joint liability groups, being implemented in the district.
The District Development Manager said 80 to 90 per cent of poor families in India, especially in J&K, do not have access to insurance scheme and government of India have provided a platform for covering all individuals under Social Security Schemes.
He and FLCC Budgam highlighted the importance of Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY). The LDM Budgam impressed upon the public to come forward and avail the benefits of sponsored schemes and schemes of NABARD.
The District Development Commissioner asked banks and line department to have “close liaison” for benefit of the people of Budgam.
He spoke about the importance of self help group and how they can change livelihood of rural population.
He said internal lending and self-help will benefit rural population, especially women folk.