JK Bank holds awareness camps

SRINAGAR: The J&K Bank Friday organised camps in various districts of Kashmir Valley to inform the public and its clients about recently-launched social security schemes.
In a release issued here, the bank said it organised a “mega awareness camp” in central Kashmir’s Budgam district. District Development Commissioner (DDC), Budgam, Mir Altaf was the chief guest at the camp organised by Lead District Office.
Speaking on the occasion, the DDC advised the participants to know the insurance-based social security schemes—PMJJBY, PMSBY and APY—well and avail their benefits for the safety and security of their families and future.
He urged the people associated with various crafts to take advantage of the Atal Pension Yojna and safeguard their old age by depositing a meager amount in the form of scheme premium.
Informing the gathering about the importance of the camp, the Lead District Manager, Shahzad Hussain Teli, requested all the stakeholders for maximum enrollment under these schemes for their social security.
Meanwhile, the bank’s Financial Literacy and Credit Counselling Center (FLCC) Baramulla organised a camp in collaboration with J&K Grameen Bank and NABARD at Village Peernia in Boniyar block of north Kashmir’s Baramulla district.
The camp was attended by farmers, labourers, students, senior citizens and unemployed youth, the bank said.
Facilitator J&K Grameen Bank, Ghulam Qadir Lone, deliberated upon the concept of financial inclusion and its advantages to the general public.
He urged upon the audience to open two accounts, one each for male and female heads of the family, as per Jan Dhan Yojna Scheme and take benefit of the inbuilt incentives in the scheme.
Facilitator FLCC Baramulla, Mohammad Sultan Dar, educated the audience about financial planning, savings, advantages of savings with banks, concept of Business Correspondents, ultra-small branches, khidmat centres, difference between formal and informal source of borrowings, different type of borrowings.