Lead Bank Budgam conducts financial literacy camps in unbanked, remote villages

Lead Bank Budgam conducts financial literacy camps in unbanked, remote villages
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SRINAGAR: Financial literacy and credit counseling camps were organised across district Budgam during the month of July 2018 under the aegis of lead district office Budgam, headed by Lead District Manager Ajaz Ahmad along with FLCC Budgam, Zaffar Ahmad Makhdoomi and team.
Main thrust was given to the remote and unbanked villages of the district where the people were educated about different employment generation schemes of banks to improve the financial conditions of the financially downtrodden people of the district. Special emphasis was laid on unemployed youth who were apprised about the government sponsored schemes and bank specific schemes “to get themselves self-employed and generate sustained income for themselves”, an official handout read.
A new concept about the awareness in the unbanked villages of district Budgam was conducted in which experts from various line departments were involved in awareness camps who educated and motivated people to avail benefits from the schemes of the respective departments. Besides, skilled and non skilled people were segregated. The skilled section, who were ready to avail the benefits of the facilities provided by GoI and state government were credit linked on spot and number of unskilled people were motivated to get involved in their economic development and were selected on spot for different skill trainings. They would be linked to credit facilities later, read the handout.
Students were educated regarding loans and advances offered by the banks for pursuing higher studies and career building as also provision for loans to undergo coaching classes for professional courses is also available within the banks. Special sessions were held to inform the participants about the digital banking and its benefits with special mention about the precautions to be taken while using digital platform for transactions. The people were informed about various social security schemes.
The unbanked areas of the blocks Khag, Waterhail, Pakherpora, Sukhnag were covered in mass awareness, the handout added.