J&K Grameen Bank implements sponsored schemes

J&K Grameen Bank in collaboration with RBI and NABARD has implemented various social security schemes initiated by the central government.

According to a statement of the bank, J&K Grameen Bank has enrolled a total of 12713 customers under APY besides opening 134164 PMJDY accounts.

The bank has also enrolled 69200 and 34409 customers under GoI insurance schemes of PMSBY & PMJJBY, respectively. In order to enable 100  percent renewal of existing customers under these schemes, routine SMSs are sent to the customers for maintaining a minimum balance of Rs. 330/-(in case of PMJJBY) & Rs. 12/- (in case of PMSBY) as and when renewals of such customers are approaching the due date.