RBI Outreach Programme at village Surara, Samba district J&K

JAMMU: Reserve Bank of India, Jammu conducted an outreach programme on March 20, 2012 at Surara village in Samba district of Jammu and Kashmir as part of its financial inclusion and awareness drive, Dr. D, Subba Rao, Governor of RBI graced the occasion,
Among others Mr. Mushtaq Ahmed, Chairman and CEO, J&K Bank Mr. Mubark Singh district Development Commissioner, Samba Mr M. Rajeshwar Rao, Banking Ombudsman, Delhi and J&K State Mr. S.C Rabra, Chief General manager NABARD, other senior government officials and bankers attended the programme. A large number of villagers including women senior citizens, MNREGA beneficiaries, farmers, teachers and students also attended the programme.
A short cultural programme was presented by the children from the school in village. This includes a skit on the theme of banking facilities.
The Governor visited to the stalls/pavilions put up by various SHGFs/NGOs, NABARD, Govt. Departments, RRB, J&K Bank and RBI a the venue showcasing their products and services. J&K Bank extended facilities of exchanges of torn and soiled notes to the residents.
The Governor also interacted with residents and enquired about the problems and difficulties faced by them in getting banking facilities. He advised bankers to take effective steps for redressal of the problems raised by the SHGs, NGOs and the residents.
The Governor also interacted with the school students from Government Middle School, Surara and Government High School Nichla Surara, Dr. Subbarao impressed upon them the importance of financial literacy and highlighted important functions of RBI, and features of genuine currency notes were also explained to the students.
The outreach programme was inaugurated by the Governor in presence of a large gathering. Mr. K.K. Saraf, Regional Director, RBI Jammu in his welcome address highlighted the objective of holding the financial literacy programme in the village. Addressing the gathering Governor touched upon the important functions of RBI viz. issuing and managing currency, controlling inflation through formulation of monetary policy, expanding outreach and banking awareness deposit insurance scheme, etc. He also highlighted the facilities of no frills account’, General Credit Card, Kissan Credit Cards and overdraft facilities against these accounts and also explained the BC model and mobile Banking scheme through which the above banking facilities could be availed. He advised the villagers to avail the services offered by different banks and to harness the natural potential available in the village and thereby improve their economic condition.
The Chairman & CEO J&K Bank Mr. Mushtaq Ahmed assured to meet the expectations of RBI of Government. The DDC Samba district Mr. Mubark Singh expressed his gratitude to Governor Dr. D. Subba Rao for attending the financial outreach camp in the remote village in district Samba and thanked him for sparing his valuable time.
The audience was familiarized with the history and functions of Reserve Bank of India through a film show. Films on features of genuine bank notes and on the functioning of Banking Ombudsman were also shown for the benefit of the public. Literature highlighting the functions of RBI and on financial literacy and education was distributed to the students and other members of the audience. (KMW NEWS