CGM NABARD flags off J&K Grameen Bank demonstration van - Early Times Newspaper Jammu Kashmir

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CGM NABARD flags off J&K Grameen Bank demonstration van

8/24/2021 10:57:56 PM

Early Times Report
JAMMU, Aug 24: J&K Grameen Bank added another feather to its cap by launching Mobile Demonstration Vans with Financial Assistance of NABARD.
The flagging off of the demonstration vans was done by Chief General Manager NABARD Ajay Kumar Sood in presence of Chairman JKGB Sudhir Gupta and DGM NABARD Rahul Shashni at Bank's Head Office Jammu. General Manager JKGB Ajay Kohli and Chief of AI&V Vinay Gupta were also present on the occasion. CGM NABARD congratulated the Bank staff on achievement of this historical milestone. He said that NABARD shall financially assist Bank in deployment of Demonstration Vans.
The NABARD Fund Assistance involves more thrust on backward districts that are constrained by various physical, economic and sociological characteristics, now termed as Special Focus Districts (SFDs). Chairman JKGB Sudhir Gupta thanked NABARD for its continuous support to the bank. He told that Bank is able to deploy the Mobile Demonstration Vans owing to the Financial Assistance provided by NABARD under the Financial Inclusion Fund Assistance Scheme of NABARD. To achieve the goals of this strategy, Bank has adopted a scientific process and identified three Districts namely Jammu, Rajouri and Bandipora wherein the Mobile Demonstration Vans shall ply.
The launch of Mobile Demonstration Vans shall definitely boost the morale of Bank's rural customers as the Demonstration Vans shall ply through the interiors of the remote villages in the identified districts, thus providing digital banking services at the door-step of the customers.
The Mobile Demonstration Vans shall be equipped with Micro-ATM, LED Panel displaying therein the Digital Banking Products/ Deposit-Advances Schemes of the Bank. Micro ATM is meant to be a device that is used to deliver basic banking services. The Micro-ATM is capable of Card-based as well as Aadhaar-based transactions. The type of transactions include : Cash Deposit / Cash Withdrawal / Funds Transfer / Balance Inquiry / Mini-Statement. Besides Micro-ATMs are also capable for opening of Accounts, thus providing an edge for enhancing the business of the Bank. Customers can use Micro-ATMs to instantly deposit or withdraw funds regardless of the bank associated.
The Mobile Demonstration Vans shall act as Mobile Mini Banks for Bank's customers as well as Non-customers. Customers would just have to get their identity authenticated to withdraw or deposit money in their bank accounts. The deployment of Mobile Demonstration Vans shall leverage the customer base of the Bank and shall definitely boost the morale of its customers, as they shall withdraw/deposit cash through the Micro-ATMs and transfer funds/deposit /withdraw cash in a hassle free manner.

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