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| RBI organizes Outreach Program in Galak, Kathua | | Jammu, March 14 (Scoop News) –Reserve Bank of India, Jammu conducted an Outreach Programme today at Galak village in Kathua district as part of its financial inclusion and awareness drive. Jasbir Singh, Executive Director, RBI, Central Office, Mumbai presided over the function and Ms. Zahida Khan, District Development Commissioner, Kathua was the chief guest.
Shri A.K. Jain, Deputy General Manager, State Bank of India, Nayeem-Ullah, President, J&K Bank, Vikas Gupta, SDM, Billawar, other senior government officials and bankers attended the programme. A large number of villagers including women, senior citizens, farmers, teachers and students were also present.
The Outreach Programme was inaugurated by the Executive Director in presence of a large gathering. In his welcome address, Regional Director, RBI, Jammu K K Saraf highlighted the objective of holding the financial literacy programme in the village. He also explained the Banking Correspondent model through which banking facilities could be availed by the rural masses.
The Deputy General Manager, SBI assured effective banking service in the village through the Common Service Point (CSP) outlet established in the village. The DDC, Kathua, Ms. Zahida Khan advised the gathering to take maximum benefit from the banking sector to improve their economic conditions.
Speaking on the occasion, Jasbir Singh, Executive Director, RBI, touched upon the important functions of RBI viz. issuing and managing currency, controlling inflation through formulation of monetary policy and expanding outreach and banking awareness. He also visited the stalls/pavilions put up by RBI, SBI and NABARD at the venue showcasing their products and services. State Bank of India also extended facilities of exchange of torn and soiled notes and issue of fresh currency notes and coins to the residents.
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 shown for the benefit of the public. Literature highlighting the functions of RBI and financial literacy and education was distributed to the students and other members of the audience.
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