Srinagar: With an aim to spread financial literacy across rural and suburban spaces in the state, J&K Bank on Wednesday conducted various awareness camps in Budgam, Baramulla and Bandipora. These camps were sponsored by NABARD.
In association with Lead Bank, NABARD, RBI, BCs, bank’s business units and other agencies, the bank’s financial literacy and credit counseling center Budgam organized a series of camps across district Budgam in Seerbagh, Malikgund, Qaisarmulla, Gundi Shamas, Barwah, Girls Higher Secondary School Ottilgam Beerwah, Holi Mission School Narbal and JKB RSETI Budgam.
In these camps, the participants were educated about the basics of banking with special focus on PMJDY Scheme enabling them to avail the banking facilities at affordable costs and ensure access to financial services like deposit accounts, remittances, credit, insurance and pension.
Speakers explained Social Security Schemes namely PMSBY, PMJJBY and APY which have been tailored for rural poor, marginalized farmers, working class and weaker sections of the society to ensure the security and safety of their lives and pension benefits after 60 years of age.
DDM NABARD, who participated in some camps, assured the participants of financial support from banks to educated unemployed youth for establishing their own ventures and create employment opportunities for themselves and others as well.
In Baramulla, the bank’s FLCC center held an awareness camps at Trikanjan Boniyar in collaboration with a local NGO and at RSETI Baramulla.