Board Meeting
admin May 8, 2018 No Comments

Jnana Jyothi Financial Literacy and Credit Counselling Trust, sponsored by Syndicate Bank, has conducted 22,478 camps covering 10,18,310 people through its 75 centres during the financial year 2017-18. The 45 Financial Literacy Centres of the Trust are located in Karnataka, 6 in Kerala, 10 in Andhra Pradesh, 8 in Uttar Pradesh, 5 in Haryana, and 1 in U.T. of Lakshadweep. Karnataka Bank, Andhra Pragathi Grameena Bank and Karnataka Vikas Grameena Bank have joined the Trust as institutional sponsors having 5, 5 and 10 centres respectively while Syndicate Bank sponsored 55 centres.

Performance Highlights:

  • During the year 2017-18, 22478 financial literacy programmes were conducted and 10,18,310 people were given free education on various aspects of financial literacy. Special attention was given to educate the people on activation of the PMJDY Accounts, obtaining RuPay Cards and using the RuPay Card for their day to day banking transactions. Our Counsellors have also helped the people in seeding of Aadhar Numbers and Mobile Numbers to their Bank Accounts. Conducted Special Programmes on Going Digital and target specific tailored camps for Farmers, Small and Medium Entrepreneurs, School Children, Self Help Groups and Senior Citizens as per Reserve Bank of India guidelines.
  • 6444 village campaigns were conducted spreading the knowledge about benefits of Bank finance, Kisan Credit Cards, Pradhan Mantri Fasal Bima Yojana, Pradhan Mantri Jeevan Jyothi Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Atal Pension Scheme, Sukanya Samrudhi Yojana, MUDRA loans, etc. to 2,61,385 villagers including farmers and rural artisans.
  • Through 3,929 programmes for Self Help Groups, 98,851 members were fed with the information about Micro finance available from banking sector and various social security schemes.
  • Through 1041 sessions in Self Employment Training Institutes enlightened 41,227 men and women entrepreneurs about MUDRA loans, various subsidy schemes and other banking facilities and insurance schemes.
  • 3,06,011 school and college students were informed about need for savings, various banking facilities, education loan schemes, etc. through 5,270 sessions.
  • By conducting 4352 programmes, 2,63,927 persons of other target groups comprising women, unemployed youth, small entrepreneurs, senior citizens, etc., were educated about various banking and insurance schemes.

To reach larger section of people, Trust launched its Website on 11 th January 2012 with domain name www.jnanajyothiflcc.com in English, Hindi and Kannada languages for the benefit of schools/colleges and public. The Website covers major financial products and services provided by banks and salient features of social benefit schemes of Government of India. More than 1.28 lakh persons have viewed the website as at the end of March 2018.

The Board of Trustees met on 5 th May 2018 to review the performance of the centres, to adopt the Annual Accounts of the Trust for the year 2017-18 and to finalize the plan for the year 2018-19. The meeting was chaired by Sri I.N. Raghavendra Bhat, Managing Trustee and attended by the Trustees – Sri H. Suresh Prabhu and Dr. Ramachandra Kamath. Sri K. Raviraja, Secretary of the Trust was also present on the occasion. On going through the performance, Sri I.N. Raghavendra Bhat, Managing Trustee expressed his satisfaction over the activities of the Trust. It is a matter of pride that since the inception of the Trust in October 2010, till March 2018, 48.81 lakh people from different parts of the country have been benefitted from the financial literacy awareness programmes conducted by the FLCs sponsored by the Trust, he said. He also informed that the Trust has an ambitious plan to spread financial literacy to over 12 lakh people through more than 22,000 programmes during the year 2018-19.