GANDERBAL: National Rural Livelihood Mission (NRLM) Umeed organized a financial education camp in the Gund area of the central Ganderbal district of Kashmir on Wednesday.
Officials said the purpose of the camp is to analyze the progress of SHGs as well as to advise on various other topics. They said the camp will help bankers and SHG members interact directly with each other and provide feedback to the SHGs on the existing financial system, which will help banks and the department improve.
As a speaker, the Block Program Manager (UMEED) Kangan Javid Ahmed Parray gave an overview of the activities, approaches and successes of UMEED-NRLM, especially in the area of financial inclusion.
He said that under the NRLM, UMEED is focused on empowering women through various programs, including financial inclusion and sustainable livelihoods.
He added that financial literacy is one of the key strategies for informing SHGs and households about relevant financial services while building their usage capacities.
Javid said the provision of SHGs in the UMEED program provides women with a platform to become entrepreneurs and nurture them until they come out of poverty and enjoy a decent quality of life.
Moderator FLCC Hakeem Nazir briefed the audience on financial planning, saving, advantages of saving in banks, concept of business correspondents, khidmat centers, difference between formal and informal source of credit and different types of credit.
He also advised on the Kissan credit card system, the educational loan program and various income-generating credit products from banks in addition to electronic service transfer.
The Financial Literacy Awareness Camp was attended by, among others, Jibran Rashid DPM (FI) JKRLM and Nisar Ahmad Lead District Manager Ganderbal, Village Sarpanch.
The representative of the J&K Bank Branch Gund assured the SHG members every possible help.