Financial Literacy Awareness Programme (FLAP) held at village Meer, Udhampur

Spread the love

Financial Literacy Awareness Programme was conducted at village Meer, District Udhampur on 24.05.16. The programme was conducted by NGO named Gramin Pragati Sangathan, Udhampur and the programme was sponsored by NABARD under Financial Inclusion Fund. The objective of the programme was to generate awareness about Financial Literacy among the rural masses. Manohar Lal, AGM (DD), NABARD, Udhampur was the Chief Guest on the occasion and the programme was coordinated by Om Prakash, President, Gramin Pragati Sangathan (NGO). Residents of the village Rua Bagh attended the programme.
DDM also explained the Pradhan Mantri Jeevan Jyoti Bima Yojna Scheme. He said that the scheme will be a one year cover and renewable from year to year. All savings bank account holders in the age 18 to 50 years in participating banks will be entitled to join. Benefits: Rs.2 lakhs is payable on member’s death due to any reason. Premium payable is Rs.330/- per annum per member. The premium will be deducted from the account holder’s savings bank account.
DDM also explained Pradhan Mantri Suraksha Bima Yojna. He said that all savings bank account holders in the age 18 to 70 years in participating banks will be entitled to join. He said that this scheme covers accident risk. Benefits of the scheme include Rs. 2.00 lakh in case of death, Rs. 2.00 lakh in case of total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot and Rs. 1.00 lakh Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot. Premium payable is Rs.12/- per annum per member. The premium will be deducted from the account holder’s savings bank account. DDM also explained PM Jan Dhan Yojna (PMJDY) to the participants. DDM gave an account of the various types of bank accounts such as Savings Bank Accounts, Recurring Deposit, Fixed Deposit, etc. They were encouraged to open RD and FD accounts to save for better future of their children.

Recommended For You

About the Author: Editorjknews

Facebook