Need to invigorate efforts of RSETIs for employment: GM RBI Jmu

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JAMMU: General Manager and Officer-in-Charge, RBI, Jammu, Ashok Kumar Mattu on Wednesday stressed the need for invigorating the efforts of the RSETIs (Rural Self Employment Training Institutes) in imparting required skills to the youth to make them employable “thereby denting the unemployment and contributing in the overall economic growth of the state”.
He urged the banks to harness the available technology in reaching out to the masses and to ensure that credit plus activities were made available to the needy people at the earliest, an official handout read. Mattu was speaking at the 10th Steering Sub Committee meet of J&K SLBC held to monitor IT-enabled financial inclusion, FLCCs and Credit Plus activities here on Wednesday.
He highlighted the role of banks and government departments facilitating and in ensuring availability of adequate banking facilities and services to the rural and unbanked areas of the state, the handout read.
Mattu said the ambitious plans of the government to ensure delivery of various benefits to the intended beneficiaries through their respective bank accounts could only fructify when banks were able to open the CBS enabled banking outlets in these unbanked areas, it read.
The meeting reviewed the progress achieved in the opening of branches/CBS-enabled banking outlets by the banks in the unbanked rural centres allocated to the individual banks.
The meeting also reviewed the position of awareness initiatives by the banks and FLCs, status of allotment of land to RSETIs by the state government, performance of RSETIs, funding support to banks from ‘Financial Inclusion Fund’ of NABARD, implementation of EBT/DBT schemes in J&K State, progress in issuance of Aadhar cards and seeding the cards and mobile numbers to the respective bank accounts, progress under PMJDY and functioning of business correspondents, etc., it read further
The banks with deficit performance were advised to ensure to remedy the deficiencies wherever required and stick to the definite time frame which was finalized during the course of the meeting.
President, J&K Bank, Sunil Gupta clarified that the banks including J&K Bank were ready to implement social security schemes of the government under DBT and were awaiting the necessary inputs/data, etc. from the departments concerned including Social Welfare Department of the Government of Jammu and Kashmir.