KATHUA: Financial Inclusion and Insurance Department, J&K Grameen Bank under the chairmanship of Janak Raj Angural and in collaboration with NABARD conducted financial literacy programmes (FLPs) at various unbanked villages namely Balote, Chadwal and Bhambarama in district Kathua, Gurah Manhasa and Doomi Malpur in district Jammu under branch offices Dayalachak, Chadwal, Rajbagh, Pargwal and Batera, respectively.
According to an official handout, Regional Manager, Kathua and Samba, Amit Laira, who was chief guest on the occasion at village Chadwal, highlighted the various schemes like KCC card, Rupay Kisan Card, Crop Insurance, etc. He also spoke on trending topic of creating a cashless economy and the accompanying benefits. He also highlighted new technologies available in the bank such as use of POS machine, Rupay debit card, KCC Rupay debit card, Net banking, Mobile banking services, IMPS, Aadhaar-based transactions and so on.
He underlined the merits and demerits of using such services and precautions to be taken care of while utilsing such facilities, so as not to fall prey to any fraudulent person’s activity in the market. He also gave a brief review of various loan schemes of the bank and its competitiveness with others. He said, “The bank is targeting for opening 1 lakh new PMJDY accounts before the end of March 2019,” the handout read.
Branch Head (BH) Chadwal, Lalit Hans told the gathering about the latest developments in PMJDY like the overdraft amount raised to rupees ten thousand and informed that the age limit to open a PMJDY account was also increased to 65 years and that there would be no condition for overdraft up to rupees two thousand plus the accidental insurance cover for new Rupay card holders has also been raised from Rs 1 lakh to Rs 2 lakh for the new PMJDY accounts opened after 28 August, 2018.
BH Dayalachak, Ravi Kumar; BH Rajbagh, Ketan Balgotra; BH Pargwal, Satish Kumar Raina and BH Batera, Dheeraj Singh Saini at their respective programmes spread awareness about various lending schemes offered by the bank for general public such as housing loan, transport loan, car loan, education loan, etc. where rate of interest charged by the bank is very competitive and which are available on easy EMIs.
They also informed the masses about the benefits of social security schemes namely: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).
Rupay debit cards were also distributed to the customers during the events, it added.