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J&K Grameen Bank Signs MoA with NSFDC

J&K Grameen Bank (JKGB) and National Scheduled Castes Finance & Development Corporation (NSFDC) have entered into Memorandum of Agreement(MoA) to provide financial assistance for economic empowerment of persons belonging to Scheduled Caste (SC) families.
The MoA was signed by Mr. Ajay Kohli, General Manager on behalf of JKGB and Mr. C. Ramesh Rao, Chief General Manager on behalf of NSFDC in the presence of Mr. Sudhir Gupta, Chairman JKGB and Mr. Rajnish Kumar Jenaw, CMD NSFDC.
MoA with NSFDC includes providing interest subvention scheme to Individual Scheduled Caste Borrowers as well as SHGs under the “Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayta (VISVAS)” Yojana of NSFDC and obtaining funds for concessional lending to target group.
On the occasion, Chairman JKGB Highlighted that JKGB, through its vast network and large customer base especially in rural areas, would act as Channelizing Agent (CA) for the loan schemes of NSFDC and this MoA with NSFDC shall be helpful in providing concessional finance for setting up of self-employment projects and Vocational Education and training Loan Schemes to unemployed SC persons.
Such a collaborative, handholding and flexible approach for the welfare of SC population will invariably augment the national priorities like Agriculture, Skill India, MUDRA and Stand-Up India.
Other dignitaries from both the organizations, Mr. Devanand, Chief General Manager NSFDC, Mr. Rajesh Bihari, GM NSFDC and Mr. Syed Aadil Bashir, General Manager JKGB, were also present.