Excelsior Correspondent
JAMMU, Oct 13: As a part of nationwide campaign to boost the country’s flagship scheme, State Level Bankers’ Committee (SLBC) is all set to launch ‘Mudra Yojna Campaign’ at Convention Centre, Canal Road here tomorrow.
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The aim of the campaign is to promote the Pradhan Mantri Mudra Loan Scheme to fund small business units without any hassles.
Talking to media persons here this afternoon, Executive President of J&K Bank, Vagesh Chander said, “Reaching out to the people on a massive scale through Mudra Yojna Campaign, the Government of India has sought to promote financial inclusion schemes and digital payment methods to encourage consumers and traders to increasingly shift to these modes of payment. Prime Ministers Mudra Yojna (PMMY) is the flagship scheme of Government of India, which aims to provide formal access of financial facilities to the small businesses thereby creating more self-employment opportunities.”
The Executive President further said that the idea is to spread the message across the State that banks are in the process of taking banking services and products to every nook and corner using the time-saving and money-saving medium of digital banking which though was fast tracked due to disruptive initiative caused by the demonetisation but was now being proved an enabler in taking the financial inclusion to the next level.
AK Dogra from Department of Financial Services Government of India informed that all Non-Corporate Small Business Segment entrepreneurs comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra loan.
Rakesh Gandotra, Vice President (JKB) briefed about the various categories of the Mudra loans and said that under the Mudra scheme, the banks operating in J&K have disbursed Rs 1003 crore against the target of Rs 2433 crore to 41000 beneficiaries. J&K Bank alone has disbursed Rs 788 crore under the said scheme. A total of 20 lakh PMJDY accounts have been opened in J&K state by all the banks with total deposit of Rs 650 crore.
Shahid Saleem Mission Director (PMJDY) said the most important feature of the Mudra Finance is that it is a collateral free loan with relaxed margins and reasonable rate of interest. Categorised into Shishu, Kishore and Tarun Loans, the quantum of finance in Mudra Loans range from 50000, to 5 lakh upto 10 lakh, respectively.
Additional DC Jammu, Arun Manhas said that Adhar Cards preparing facilities were earlier available in the offices of DCs, SDM and Tehsildars but now, onwards 166 banks are also being involved in preparing the same for the convenience of public.
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