With a view to inculcate the spirit of entrepreneurship in youth from a cross section of society to check the menace of rampant unemployment in the state, J&K Bank Rural Self Employment Training Institute (RSETI) Baramulla today organized 'Awareness Programme' in collaboration with Reserve Bank Of India (RBI) at Govt. Degree College Sopore. The programme witnessed good presence of students especially from the departments of Commerce, Business Management and Economics.
Mr. R K Meena AGM RBI was Chief Guest and Ms Nasreen Malik Principal Degree College presided over the function. Departmental Heads Mr. M D Khandwaw, Ab. Majid Dar, Ab. Rashid and Firdous Ahmad also took part in the deliberations and made the discussion interested. Speaking on the occasion, Mr. Meena AGM RBI gave a detailed lecture touching upon various functions RBI including monitory, fiscal and financial policy, currency circulation and control, regulations, bankers to the last resort, financial inclusion, fake currency, ATM, debit/ credit card operations, lotteries, NBFCs, impact of recession, market investment, banks ombudsman, Lead bank scheme, role of RSETIs and setting up of Financial literacy and counseling centers by banks.
Speaking on the occasion, Director RSETI Riyaz Ahmad Mir said, "RSETI attempts to turn job seeking youth into job providers after giving them free training under the programme "Entrepreneurship Development" for a period depending on the line of activity they choose." After giving them certificate, he said, the institute hand holds them for a period not less than two years so that they establish their own enterprise without hassles from Govt. departments or financial institutions.
Senior Executive Manager J&K Bank Ghulam Rasool Hajam, Lead District Manager Gh. Hassan Wani also spoke on financial inclusion and banking schemes particularly of J & K Bank.
Mr. Muzaffar Hurra A P O from DRDA Baramulla spoke on SGSY, MGNREG and functions of DRDA.
Post lecture session, Mr. Meena interacted with the students and faculty members of the college and also presented gifts as a matter of good gesture during quiz session amongst the winners. Informative literature was also distributed among the participants.
Principal Ms Nasreen Malik concluded the proceedings thanking J&K bank for organizing such an educative programme at the college that tries to ensure that financial literacy also is carried forward by the students' community to large sections of people across the north zone.
She requested for more such programmes in future also.