Excelsior Correspondent
SRINAGAR, July 10: Continuing with its mission to educate people about the basics of finance and banking, J&K Bank organized number of awareness camps in Budgam district during the last few weeks.
With a view to apprise the participating youth about PMJDY, PMSBY, PMJJBY and APY Schemes and other financial products and schemes of the bank for upliftment of rural poor, FLCC Budgam participated in a mass awakening camp organized by Nehru Yuva Kendra in which the participants were informed about the benefits of these schemes.
Facilitator FLCC, AH Rafiqi, highlighted the features of PMJDY scheme like issuance of Rupay Card having inbuilt accidental insurance cover of Rs 1 Lac.
He also discussed the social security schemes like PMSBY and PMJJBY besides loan products like KCC, ACC and other income generating schemes meant for eradication of poverty and unemployment in rural areas.
Meanwhile, the Lead Bank Budgam conducted two awareness camps in Government Boys Higher Secondary School Budgam and Government Higher Secondary School for 11th and 12th class students. The camps were organized in collaboration with RBI.
Facilitator FLCC apprised the students about financial products and services available with the banks particularly for student community in the form of education loan schemes.
The LDM also spoke on the occasion about importance of savings and advantages of savings with the banks and other facilities and benefits of borrowings from the banks.
The RBI representative cautioned the participants not to fall prey to fictitious offers like lottery or remittance of cheap funds in foreign currency and fictitious mails asking for details of ATM Cards and Account details.
Further the participants were educated regarding the genuineness of Currency notes. Similar camps were organized in the district at Kanidajan (Chrar Sherif) and Sports stadium Budgam, wherein a large number of people participated.
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