J&K Bank launches loan scheme for less skilled youth

By
Daily Excelsior
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Excelsior Correspondent
Srinagar, Aug 14: With a view to focus on vocational education and skill development of a larger chunk of uneducated youth/school drop-outs within its area of operations, J&K Bank today launched a credit scheme titled ‘J&K Bank Vocational Education & Training Finance’.
The scheme has been tailored in the backdrop of 12th Five-Year Plan target of skilling 8 crore people across the country by the Government of India (GoI). The scheme will go a long way in supplementing the GoI’s flagship schemes namely Uddan and Himayat.
Commenting on the occasion Chairman and CEO Mushtaq Ahmad said, “Our Bank is at the fore front of youth empowerment and that includes less skilled and uneducated lot among them. In this regard, the Bank has already institutionalised the skill up-gradation process of such youth through a network of Rural Self Employment Training Institutes (RSETI) across the State. The trainings are designed to increase their levels of employability as per the market requirements.”
Meanwhile the Bank today commissioned an ATM at Sagam in Anantnag. Zonal Head Kashmir (South) Mushtaq Ahmad Mir inaugurated the ATM in presence of Cluster Head Zaffar Ahmad Makhdoomi, a large number of valuable customers of the Bank and respectable citizens of the area.
The Bank also convened the 41st District Level Review Committee (DLRC) meeting in Budgam under the Chairmanship of the District Development Commissioner Khursheed Ahmad Shah.
Lead District Manager (LDM) Mohammad Yaqoob briefed the participants about the achievement of the Banks operating in the District for the quarter ended June 2012 under the Annual Action Plan 2012-2013.
He said, “The District has registered a Credit dispensation of Rs 56.84 Crore out of which priority sector has received Rs 29.44 Crore while as Non- Priority Sector has received Rs 27.40 Crore. The Agriculture sector received a credit of Rs. 5.73 Crore, MSME sector received a credit of Rs. 14.02 Crore and Micro sector Rs. 1.74 Crore.”

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