 Early Times Report
JAMMU, Aug 10: A Memorandum of Understanding (MoUs) on JLG financing were signed and exchanged between NABARD, J&K RO and State Bank of India (SBI) and Jammu and Kashmir Gramin Bank (JKGB) today.
Surender Singh, General Manager (NABARD), Ajitav Parashar, Deputy General Manager (SBI, B&O, J&K) and Sudhir Gupta, Chairman, J&K Grameen Bank, represented NABARD, SBI and JKGB, respectively.
The MoU signing ceremony was presided over by Dr A.K. Sood, CGM, NABARD and attended by Anamika, DGM, NABARD, Sanjeev Mahajan, AGM, SBI and Makhan Singh, Sr. Manager, JKGB. The main objective of the signing of MoU is to enhance the flow of credit to tenant farmers/oral lessees/sharecroppers, SF/MF etc., who at times may not have proper title to their land holding. The JLG formation will meet the credit requirements of people suffering reverse migration in the wake of COVID 19 pandemic. The issue of formation of JLGs is also being discussed in every meeting of UTLBC. The formation and credit linkage of 1000 JLGs will benefit almost 5000 households in the UT of J&K. |
