Udhampur/Jammu, November 27 (Scoop News) – Executive Director, Reserve Bank of
Deepak Mohanty was speaking in a function of awareness drive by Reserve Bank of
Deepak Mohanty further said that Bashat village was one of the 3 model villages chosen by RBI for outreach activities in the State for 100% Financial Inclusion during 2010-2011 by using Information and Communication Technology (ICT) for issuance of smart cards through the Business Correspondent (BC) model. The main aim was to achieve the objective of financial inclusion and providing doorstep banking services to the rural poor, small and marginal farmers, people of small means, women, etc. He also apprised the gathering that the biometric smart cards have inbuilt security features and are therefore very safe for conducting transactions. The card holders would also get receipt for each transaction.
Earlier while welcoming the Chief Guest and other dignitaries to the programme, Regional Director for
On the occasion. Mohanty and other dignitaries also distributed smart cards issued by J&K Bank Ltd and witnessed the activation/transactions through smart cards not only for the common villagers but also for NREGA beneficiaries. . Mohanty interacted with the common villagers while distributing smart cards and clarified their doubts. This was a new and unique experience for the villagers who showed great enthusiasm to get connected to the banks without visiting a ‘brick and mortar’ branch. He also emphasized the role of Financial Literacy and Credit Counselling Centres and advised the banks to open such centres for the benefit of people.
`The programme was also attended by Additional District Development Commissioner, Udhampur . Ram Ratan, Executive Director, J&K Bank Ltd . Ashok Mehta and other senior government officials, bankers, teachers, students and a large number of villagers including women, senior citizens, NREGA beneficiaries and farmers.
A cultural programme was presented by the school children before the dignitaries.
The audience was familiarized with the history and functions of Reserve Bank of