Excelsior Correspondent
JAMMU, Aug 10: MoUs on JLG financing were signed and exchanged today between NABARD, J&K RO and State Bank of India (SBI) and Jammu & Kashmir Gramin Bank (JKGB).
Surender Singh, General Manager NABARD; Ajitav Parashar, Deputy General Manager SBI, B&O, J&K and Sudhir Gupta, Chairman, J&K Grameen Bank, represented NABARD, SBI and JKGB, respectively.
The function was presided over by Dr A.K Sood, CGM NABARD and attended by Anamika, DGM, NABARD; Sanjeev Mahajan, AGM, SBI and Makhan Singh, Sr. Manager, JKGB.
Main objective of the signing of MoU is to enhance the flow of credit to tenant farmers/oral lessees/sharecroppers, SF/MF etc, who at times may not have proper title to their land holding.
The JLG formation will meet the credit requirements of people suffering reverse migration in the wake of COVID-19 pandemic.
The issue of formation of JLGs is also being discussed in every meeting of UTLBC. The formation and credit linkage of 1000 JLGs will benefit almost 5000 households in J&K.
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