J&K Grameen Bank organised a financial literacy cum awareness programme.District Development Manager, Surinder Singh, (NABARD) explained about the importance of various bank schemes i.e., Pradhan Mantri’s Social Security Schemes, Self Help Groups (SHG’s), Joint Liability Groups (JLG’s) and NRLM for people of rural area who are yet not aware of all such schemes.
He highlighted that joint liability groups and SHG under NRLM are an effective credit delivery methodology for banks to reach clients like small farmers, marginal farmers, tenant farmers and also micro entrepreneurs and therefore an important tool for poverty alleviation and social cohesion.
He also advised people to remain cautious about different fraudulent activities in banking industry. He distributed credit worth Rs. 63 Lakhs to 49 beneficiaries in the shape of KCC, GCC & Housing Loan etc. 87 Saving Accounts were opened with 10 Lakhs deposit and passbooks were also distributed to the customers on the spot.
Representatives from Agriculture Deptt, PHE Deptt, PDD Deptt. were also present in the camp for on the spot solution to the queries raised by participants.