Back to village - 3 : Banks sanction Rs 270 cr loans for self-employment in J&K
Back to village - 3 : Banks sanction Rs 270 cr loans for self-employment in J&K
Srinagar, January 30, 2021 :
Under government’s ambitious initiative, Back to Village-3, banks in J&K have sanctioned an estimated Rs 270 crore loans for self employment of 16,299 youth.
The third phase of ‘Back to Village (B2V3) was launched from 2nd to 12th October 2020.
The program was preceded by a build-up of 21-day Jan Abhiyan/Awami Muhim which inter alia included implementation of three essential components viz.
Adhikar Abhiyan/Muhim Barai-e-Haqooq; Unnat Gram Abhiyan/Dehi Taraqiyati Muhim; and the Jan Sunwai Abhiyan/Awami Sunwai Muhim.
The program envisages joint involvement of government officials and banks to facilitate equal growth through community participation besides redressal of public grievances.
A target of 10,000 loan cases was assigned to banks under the program with focus on employment generating schemes.
Official figures reveal that banks have over-achieved the target by sanctioning loans to 16,299 youths amounting to Rs 270 crore.
As per the figures, in all 21,081 cases were received under B2V3 for finance of small businesses by youth, of which 16,299 cases have been sanctioned.
