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'J&K Bank's role in CSC Project is limited'
4/17/2014 11:42:46 PM
Early Times Report

Srinagar, Apr 17: Always striving to explore employment opportunities for the youth of the state, J&K Bank came forward to act as implementing agency for the project, the J&K Bank offered its services to act as Service Centre Agency for the Ministry of IT, Government of India's CSC Project, a cornerstone of the National e-Governance Plan but has 'limited and defined role'.
"Having identifying Village Level Entrepreneurs (VLEs), extending financial assistance to them and providing infrastructure for establishment of CSC (read Khidmat Centres), spokespsron said and added the bank has assisted VLEs turn their Centres into functional service outlets.
He said that besides this the bank also provided services like documentation of loan proposals, besides awarding, to many CSCs, Business Correspondent status to multiply their revenue receipts.
"CSC owners need to understand that Project is primarily related and even subservient to the progress on e-Governance front. More the progress on this front, more will be the services that CSCs can handle and provide, and consequentially more revenues, he said.
"VLEs ought to understand the project in its entirety and the job roles assigned to various stakeholders of the project including Service Designated Agency (SDA)-State Government of J&K, Service Centre agency (SCA) -J&K Bank, Common Services Centre Special Purpose Vehicle (CSC-SPV)-Ministry of Communications & Information Technology, GoI and Village Level Entrepreneur (VLE), he said further underling, "J&K Bank's role in the Project is limited and well defined.'
Pertinently, as and when the revenue support funds are released by the Service Designated Agency (SDA) of the Project, he said, "J&K Bank has immediately disbursed the same to VLEs and this is done at the behest of the J&K Government, with the objective to ensure sustenance and success of the project and the VLEs and if the revenues are not forthcoming, there is nothing J&k Bank can do in this regard."
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