Ganderbal: National Rural Livelihood Mission (NRLM) Umeed organized a financial literacy camp at Gund area in central Kashmir’s Ganderbal District on Wednesday.
Officials said that the purpose of the camp is to analyze the progress made on SHG’s and also deliberate on various other issues. They said the camp will help bankers and the SHG members to directly interact with each other and give feedback on the existing system of finance to the SHGs that will help banks and the department to improve.
Speaking on the occasion Block Program Manager (UMEED) Kangan Zahoor Ahmad presented an overview of activities, approach and achievements of UMEED-NRLM, particularly in the area of financial inclusion.
He said the UMEED under NRLM focuses on women empowerment through various programmes including financial inclusion and sustainable livelihoods.
He added that the financial literacy is one of the important strategies to keep SHGs’ and households’ aware about relevant financial services and to build their utilization capacity at the same time.
Zahoor said that the provision of SHGs in UMEED scheme provides woman’s a platform to become entrepreneurs and nurture them till they come out of poverty and enjoy a decent quality of life.
Facilitator FLCC Mohammad Maqbool informed the audience about financial planning, savings, advantages of savings with banks, concept of Business Correspondents, khidmat centres, difference between formal and informal source of borrowings and different type of borrowings.
He also deliberated upon Kissan Credit Card Scheme, Education loan scheme and various income generating loan products of banks besides Electronic Benefit Funds Transfer.
However The J&K Bank Branch Gund representative assured every possible help to the SHG Members.
While speaking on the occasion, officials of Agriculture appraised the audience about the various schemes of the department that cater to unemployed educated youths and provide them opportunity to become entrepreneurs, job providers leaders and innovators.
Officials of Agriculture department and other departments were also present on the occasion.