Excelsior Correspondent
SRINAGAR, Aug 5: “The only questions worth asking today are that why are we here and why should we pursue micro-credit programs under Self Help Group (SHG) and Joint Liability Group (JLG). And the comprehensive answer one arrives at is that the growth engine of every economy is driven only by the participation of its population”.
J&K Bank Chairman and CEO Mushtaq Ahmad stated this today at the inaugural session of a ‘Workshop on Micro-Credit, Credit-Planning and Developmental Initiatives’ organised by NABARD (J&K Chapter) in association with J&K State Level Bankers’ Committee (SLBC), here at the Bank’s Corporate Headquarters.
The workshop was attended by J&K Bank President Mohammad Ameen Mir, Vice-Presidents, Bank’s Lead District Mangers (LDM), Cluster Heads and other officers besides Area Managers and district coordinators of other banks operating in Kashmir Division.
Chairman further said, “We help society to achieve financial growth, which is not only our obligation but a duty as the premiere bank of the State. And programs like SHG-BLP and JLG are effective ways and means to achieve economic growth that is inclusive and sustainable.”
Stressing upon the need to dedicate oneself for the welfare of society at large he said, “The biggest social responsibility for us is to complement and supplement the efforts of those people who want to stand on their own. People, who want to dignify their living with hard-work and consistency of efforts. This is the noble mission we all must work for.”
Earlier, CGM NABARD Shankar A Pandey elaborated on the very of idea of SHG-BLP and JLG finance.
As a gesture of institutional appreciation for their outstanding performance in implementing these schemes on ground, the Chairman and the CGM gave away mementos to J&K Grameen Bank Officer Abdul Khaliq, EDB Manager Kulgam Vivek Ram, Business Correspondent J&K Grameen Bank (Sumbal), Nusrat Nazir and Finance Secretary of a local NGO Irshad Mohiudin.
Notably, DGM NABARD D K Kapila moderated the inaugural session.
The post-inaugural session witnessed presentations on the concepts of SHGs and JLGs besides workshop on Weavers Credit Card, Agriculture Term Loan, Revised Priority Sector Guidelines and PLP and Open Session and Action Plan.
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