|Early Times Report|
Jammu, Dec 15: Financial Literacy Center, J&K Grameen Bank in collaboration with RBI & NABARD organized Going digital financial literacy camp at unbanked villages Karotana Kalan (Baspur) and Biaspur Parlah (Dablehar), District Jammu.
Financial Literacy Center, J&K Grameen Bank under the chairmanship of Janak Raj Angural in collaboration with RBI & NABARD organized Going Digital-financial literacy camps at unbanked villages Karotana Kalan (Baspur) and Biaspur Parlah (Dablehar), District Jammu under branch offices Baspur and Dablehar, respectively.
Vipan Gupta, HOD, Financial Inclusion & Insurance Department (FIID), in his opening comments said that J&K Grameen Bank is acting as an efficient vehicle for implementation of various government sponsored social security schemes like PMSBY, PMJJBY, PMJDY, etc. Thereafter, he discussed in detail about these schemes and their accompanying benefits.
He urged the public to approach their nearby branches and get enrolled under these schemes for their own wellbeing and development. An on spot Farmer club named Kisan Mitra Sangh with 15 members was formed. He told the gathering about the latest developments in PMJDY like the overdraft amount raised to Rupees Ten thousand and the age limit to open a PMJDY account is also increased to 65 years and there will be no condition for Overdraft up to Rupees Two thousand; the accidental insurance cover for new Rupay card holders has been raised from Rs. 1 lakh to Rs. 2 lakh for the new PMJDY accounts opened after 28.08.2018. Hundred percent claim settlement rate is already maintained by the Bank and the nominee of the insured person get a financial aid of Rs. 2 lac.
Prashant Abrol, Branch Head, Dablehar and Jasbir Moton, Branch Head, Baspur informed the masses that in addition to traditional banking products i.e. deposits and advances, the Bank also offer all types of insurance products i.e. Non-Life, Life and Health insurance through their tie-ups with Insurers.