Early Times Report
Jammu, June 5: Micro Finance and Financial Inclusion Department, J&K Grameen Bank, as per the guidelines of RBI under the Chairmanship of Romesh Vaid General Manager J&K Grameen Bank participated in the Second day of Financial Literacy week on June 5, 2018 on the theme of Consumer Protection with the conduct of 51 financial literacy programmes across the State to percolate the financial literacy in every unbanked nook and corner. He informed that the main areas of focus are primarily Risk vs Return, Grievance Redressal, customer liability for unauthorised electronic banking transactions and Good practices for a safe digital banking experience. Vipan Gupta, Sr. Manager, MFFI Department JKGB, highlights that the Bank has covered most of the districts of the State including Jammu, Kathua, Samba, Kishtwar, Baramulla, Bandipora, Ganderbal, Kupwara, Srinagar, Rajouri, Poonch, Leh and Kargil. The theme of the Financial Literacy Week is to create awareness among theme consumers of financial services about their rights, responsibilities, good practices and resolution mechanism in a fast changing digital financial land scale. He emphasize in order to enable 100% renewal of existing enrolments under PMSBY & PMJJBY, the SMS are sent to the customers on regular basis for maintaining a minimum balance of Rs.330 and Rs.12 only. At present, the claim settlement rate in the bank is 100%. The masses are also demonstrated about technological innovations in banking industry including NEFT/RTGS, online banking, IMPS, SMS banking, Rupay Card, Aadhaar Enabled Payment System and Direct Benefit Transfer etc to promote the digital banking and move towards the less-cash economy. The bank is also working hard to aware the people about safe banking and how to avoid frauds from mischievous people of society and also working hard to make the PM Narendra Modi's dream come true to double the income of the farmers by the year 2022 and the designated targets by GOI in this regard were achieved in the stipulated time. |
