Jnana Jyothi Trust completes 9 years of its existence and spreads financial literacy to over 63.94 lakh people

November 12, 2019 No Comments

Jnana Jyothi Financial Literacy and Credit Counselling Trust, sponsored by Syndicate Bank, established in October 2010, has completed 9 years of its service in the field of spreading free financial literacy to various segments of people who are deprived of formal financial facilities and who are financially excluded particularly in rural, backward & unbanked areas. The Financial Literacy Centres sponsored by the Trust through their 1,42,037 programmes, have covered more than 63.94 lakh people during the last 9 years.

During the first half of the financial year 2019-20, the Trust has conducted 11334 camps covering 4,85,836 people through its 75 centres spread over 5 States – Karnataka, Kerala, Andhra Pradesh, Haryana, Uttar Pradesh and UT of Lakshadweep. Out of 75 centres, Syndicate Bank has sponsored 55 centres. Karnataka Vikas Grameena Bank, Karnataka Bank, Andhra Pragathi Grameena Bank who joined the Trust as institutional sponsors, have sponsored 10, 5 and 5 centres respectively.

During the period under review, the centres have concentrated on spreading awareness on digital payment systems and literacy to specific target groups as per Reserve Bank of India direction. More thrust was given to – Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Jeevan Jyothi Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Atal Pension Yojana, Pradhan Mantri Fasal Bima Yojana and Sukanya Samridhi Account – the popular social security schemes of Government of India. During the half year ended 30.9.2019, out of 11,334 campaigns, the Trust has conducted 1,468 Going Digital programmes through UPI and *99# (USSD) and covered 74,197 people, 2,207 programmes for farmers benefiting 79,942 farmers, 1,066 MSME programmes covering 32,627 people, 1,948 programmes for school children covering 1,35,240 students, 1,870 programmes for Self Help Group covering 53,147 members and 938 programmes for Senior Citizens covering 25,500 persons.

The Board of Trustees met on 8th November 2019 to review the performance of the centres and to adopt the Half Yearly Accounts of the Trust for the period ended 30.09.2019. The meeting was chaired by Sri I.N. Raghavendra Bhat, Managing Trustee and attended by the Trustees – Sri H. Suresh Prabhu, Dr. Ramachandra Kamath, Sri N. Jagathpala, Trustees and Sri K. Raviraja, Secretary of the Trust. On going through the performance, the Board has expressed its satisfaction over the activities of the Centres.

Jnana Jyothi Financial Literacy & Credit Counselling Trust spreads financial literacy to more than 96,000 people during September 2019

August 22, 2019 No Comments

Jnana Jyothi FLCC Trust, Sponsored by Syndicate Bank, through its 75 Centres, has conducted 1,952 financial literacy programmes covering 96,762 people during the month of September 2019. During the year 2019-20, i.e. from 01.04.2019 to 30.09.2019 (six months) Jnana Jyothi FLCs have conducted 11,352 programmes and 4,85,167 people benefitted. Awareness on cashless economy/digital payment system is one of the important subjects covered in all the financial literacy programmes conducted by the FLCs.

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 Ltd., Andhra Pragathi Grameena Bank and Karnataka Vikas Grameena Bank are the institutional sponsors of the Trust having 5, 5 and 10 Centres respectively while Syndicate Bank has 55 Centres.

Awards for Financial Literacy Centres and Counsellors for their outstanding performance during the year 2018-19

August 20, 2019 No Comments

In order to motivate the Counsellors to give their best for better performance, the Trust had instituted Outstanding Performance Awards since 2016-17 on the basis of set parameters. The following Centres and Counsellors are selected for the Outstanding Performance Awards 2018-19:

Outstanding Financial Literacy Centres:

  • I Prize
    Jnana Jyothi FLC, Anekal
    Sri K.R. Sreenivasan, Senior Counsellor
    Ms. B.N. Sunitha, Junior Counsellor
  • II Prize
    Jnana Jyothi FLC, Baghpat
    Sri S.P. Jain, Senior Counsellor
    Sri Bobby Sharma, Junior Counsellor
  • III Prize
    Jnana Jyothi FLC, Bantwal
    Sri Jayanth Shetty, Senior Counsellor
    Ms. Anusha Smisha, Junior Counsellor

Outstanding Financial Literacy Counsellors:

  • Mrs. P. Rekha, Senior Counsellor, JJFLC, Tiptur
  • Sri Mallesha K.R., Junior Counsellor, JJFLC, Arsikere
  • Sri Anil B Chinagudi, Junior Counsellor, JJFLC, Belagavi
  • Sri Anand V Hiremath, Junior Counsellor, JJFLC, Hangal
  • Sri Nemali Siva Sankar, Senior Counsellor, JJFLC, Kurnool
  • Sri Chinna Reddaiah Raju, Senior Counsellor, JJFLC, Vallatur
  • Sri Thankappan V.K., Senior Counsellor, JJFLC, Uzhavoor
  • Sri Kumara Das K, Senior Counsellor, JJFLC, Perumkadavila
  • Sri Satyendra Kumar Dixit, Senior Counsellor, JJFLC, Moradabad
  • Sri Vinay Kumar Tyagi, Senior Counsellor, JJFLC, Amroha
  • Sri Vijaya Pal Singh Chauhan, Junior Counsellor, JJFLC Farrukhnagar
admin July 12, 2019 No Comments

Release of Annual Report of Jnana Jyothi Financial Literacy & Credit Counselling Trust for the year 2018-19

The Annual Report of Jnana Jyothi Financial Literacy & Credit Counselling Trust (Regd.), sponsored by Syndicate Bank for the financial year 2018-19 has been released by Sri Mrutyunjay Mahapatra, Managing Director & Chief Executive Officer of Syndicate Bank on 28.06.2019 at Trust’s Registered Office, Manipal. He has appreciated the performance and activities of the Trust and wished the Trust good luck.

On this occasion, Managing Trustee of the Trust Sri I N Raghavendra Bhat, Syndicate Bank’s Executive Directors Sri S Krishnan, Sri Ajay K Khurana & Sri Y Nageswara Rao and Directors Sri Jayant P Ghokale, Sri Sunil Vashisht, General Managers Sri C B L Narasimha Rao, Sri T Manivannan, Sri Daljit Singh Bedi, Trustee Sri N Jagathpala, Secretary K Raviraja and other Officers & staff were present.

Success Story – Jnana Jyothi FLC, Savanur

April 30, 2019 No Comments

Jnana Jyothi FLC, Savanur conducted FLAP at Kalival Village. They explained to the participants on Social security schemes such as PMJJBY, PMSBY, APY & Sukanya Samruddhi Scheme. Inspired by the literacy programme, Smt. Mahadevi Krishnappa Koradur insured under PMJJBY at Karnataka Vikas Grameena, Kadakol Branch. She expired on 02.11.2017. Her father Sri Krishnappa Koradur requested the Counsellors of JJFLC, Savanur to help them to get insurance benefit. The Counsellors collected the necessary documents and submitted to KVG Bank, Kadakol. In view of the continuous efforts of Sri Sukhadev B Mattur, Sr. Counsellor and Sri Harisha Hiralli, Jr. Counsellor, the nominee Kum. Ranjita R Koradur, D/o late Mahadevi could get the insurance amount of `2 lakh on 01.01.2019. The family members of late Mahadevi conveyed their gratitude to the Counsellors for their efforts.

 

Success Story – Jnana Jyothi FLC, Mundgod

April 30, 2019 No Comments

Karnataka Vikas Grameena Bank and Jnana Jyothi Financial Literacy Centre, Mundgod have jointly organized economic literacy programme in a village under Hunagunda KVG Bank Branch. The advantages of the schemes like PMJJBY, PMSBY, APY etc. were informed to the people gathered. Because of the awareness programme many have started using the schemes.

Sri Basavaraj Gangadhar Bendigeri was one of the customers of the Bank. He paid every year an amount of `12/- under PMSBY Scheme. He passed away recently. The same was reported to the Bank by his relatives. The relevant documents of the hospital were also submitted to the Bank. The same has been verified by the Bank and the insurance amount of `2 Lakh paid to the nominee Mrs. Tippavva Bendigeri, wife of late Basavaraj Bendigeri.

This particular customer has been a role model for many other people. The benefit was available to the family of late Basavaraj Bendigeri since the information regarding PMSBY scheme was conveyed effectively to him and his family members by Sri Manjunath V Kulkarni, Senior Counsellor, Jnana Jyothi FLC, Mundgod.

Date: 12.03.2019

SUCCESS STORY – JNANA JYOTHI FLC, HOLALKERE

April 30, 2019 No Comments

Mr. Chandranaik of Kudineerukatte Lambanihalli was having SB a/c with Canara Bank. He subscribed to Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) during the year 2015 paying `330/- and renewed it in May 2016. Unfortunately in November 2016 he died of heart attack. His wife Mrs. Parvathibai approached Canara Bank and requested to give her the Insurance benefit. However, in spite of submitting all required documents, Bank did not settle her claim.

In August 2018, the Counsellor of Jnana Jyothi FLC, Holalkere conducted a financial literacy awareness session for BA students in the First Grade College, Holalkere. Sri Srinivas, son of late Chandranaik, was one of the students attended the session. After the programme, he approached the Counsellors of the FLC and informed about non-availability of his father’s PMJJBY insurance benefit. After verifying the pass-book that the premium amount was deducted in the year Sri Chandranaik expired, the Counsellors took up the matter with the Lead District Manager of Chitradurga. As per LDM’s direction, the Counsellors arranged to re-submit all relevant documents pertaining to late Chandranaik to Canara Bank branch and requested them to settle the insurance claim so that the nominee Mrs. Parvathibai, w/o of late Chandranaik gets the benefit.

Due to the efforts of the Counsellors of Jnana Jyothi FLC, Holalkere, Smt. Parvathibai, nominee of late Chandranaik received the insurance benefit of `2.00 Lakh in February 2019. Mrs. Parvathibai and Sri Srinivas thanked the Counsellors for their efforts in this regard.

adminjj January 2, 2019 No Comments

Coverage of Arecanut tree climbers under PMSBY

Sringeri Taluk is a small one consisting of 9 Panchayats and 45 villages. Main activity is agriculture. Arecanut is the main crop of this area. This area is called malenadu area.

Arecanut trees grow up to 60 feet in length. Before monsoon starts, bordo mixture is sprayed on the crop to protect it from diseases. Crop picking starts from October. For spraying and picking, manual labour is required. A section of agriculture labourers are skilled in this job. They are paid a little bit higher wages. In the recent past a disease called yellow disease attacked the arecanut trees throughout malnad area, specially Sringeri region. Once the disease is attacked, the arecanut trees will become weak and the work of climbers is highly dangerous. Many of them lost their life or became partial handicap. On an average 10 to 12 persons are meeting with accident and death annually. We have observed that except MAMCOS, a society, no other institutions are taking care of arecanut tree climbers. Several attempts made to assemble these persons were failed due to the objections of the farmers, because if climbers are gathered at one place, they may raise the daily batta. Hence they prevent the arecanut tree climbers to assemble.

The Counsellors of Jnana Jyothi Financial Literacy Centre, Sringeri could collect phone numbers of 174 arecanut tree climbers so far and able to cover them under Pradhan Mantri Suraksha Bima Yojana individually.

Family members and social leaders are appreciating the work of JJFLC, Sringeri in this regard. In the recent financial literacy awareness programme, Sri D K Suresh, President of Addagadde village Panchayat has opined that all the villagers have to be covered under this scheme. He assured his co-operation in this regard. Efforts to cover all the villagers under PMSBY are going on specially with the co-operation of Syndicate Bank branches in this area.

adminjj January 2, 2019 No Comments

Success story of Sri Sagar Hullukatte due to his visit to Jnana Jyothi Financial Literacy Centre, Tiptur

Tiptur JJFLC had conducted a financial literacy programme at Hullukatte village. Sri Sagar is one of the participants. Sri Vivek, Jr. Counsellor of Tiptur Centre explained about various loan facilities in Banks and also availability of subsidy from Government Departments. After a week of this programme, Sri Sagar visited Tiptur Centre and got further information on various activities and about subsidy from small industries. Then he decided to establish Vehicle Water Service Station.

Sri Sagar is a son of farmer. He faced financial difficulty to open the Serve Station. He again visited Tiptur JJFLC and obtained information on different loans from Banks. He tried loan with a few Banks and finally got loan of Rs.5.00 lakh from Syndicate Bank, Eachanoor Branch. To this loan amount he added capital of Rs.4.2 lakh and started Vehicle Water Service Station.

Now his business is doing well. He is paying the loan instalments promptly. In a few days he is getting subsidy from Small Industries Department. He is also making payments of his father’s agriculture loan.

He and his family happily informing that because of the help of Syndicate Bank and advice of Jnana Jyothi Financial Literacy Centre, Tiptur, their financial condition has improved and their future has become bright.

His address:

Sri Sagar
Bin Paramashivayya
Hullukatte
Eachanoor Post, Tiptur
Ph: 9535534416

 

 

 

adminjj January 2, 2019 No Comments

Success story of Smt Shankaramma due to her visit to Jnana Jyothi Financial Literacy Centre, Tiptur

This is the success story of Shankaramma due to her visit to Jnana Jyothi Financial Literacy Centre, Tiptur.

One day Smt. Shankaramma, w/o Sri Somashekar G Kalkere, Halepalya Post visited our Tiptur Centre along with a list of loans she borrowed from various sources. Literarily crying she told that it is impossible to clear loans or face the persons who lent her in her needy time. Hence she wants to commit suicide so that the amount being received from office and LIC may help her family (husband, mother-in-law and two kids). Mrs. P Rekha, Sr. Counsellor made her to sit, offered a glass of water and then asked her to explain her problem.

Smt. Shankaramma (ITI passed, worked in Bengaluru for a few months) is living with her family. Her husband is working on a power loom for his owner earning about Rs.5000-Rs.6000 per month. They have been allotted a plot from Municipal Office, where they began to construct a house. During that time she sold all her gold. Before completion of the house, her father-in-law got admitted to hospital for cancer treatment. She started borrowing from all sources including moneylenders and credit co-op society at interest rate from 2% to 5% per month. Her father-in-law breathed his last. She was left with an unfinished house and Rs.5 lakh loan on the family. Added to this, her husband got problem in his nose and doctor suggested operation costing Rs.25 to Rs.30 thousand. Her piles problem also increased. At this juncture she approached JJFLC at Tiptur.

As the Counsellor silently listened to her problem, Shankaramma got her confidence back. Then first thing the Counsellor did was got their family covered by (Rashtriya Swasthya Bima Yojana (RSBY), by which her husband got free operation and became fit to work. Then her kids got admitted to Morarji Desai Residential School. Away from family problems, she could give more time to do her tailoring and tuition work adding Rs.5-6 thousand extra earning.

Then through Pradhan Mantri Awas Yojana loan from Pragathi Krishna Grameena Bank, she got Rs.2.00 lakh loan sanctioned with a repayment holiday period, giving her opportunity to repay the hand loans got from moneylender and other sources. She completed her house.

Meanwhile, she got a job at Anganwadi at Edenahalli. Now the family is planning to have their own power loom. They are now living happily with mother-in-law Smt. Savithramma, husband Sri Somashekhar, daughter Gayathri (10th standard) & son Punith Kumar (7th std). Both the children are good at studies and extra-curricular activities. Son is qualified for district level competition this year.

Now she feels happy that her visit to Jnana Jyothi Financial Literacy Center helped her to come out of her problems. She is now advising everyone to have insurance for family, save for emergency situation and to avail loan from Bank only. She also sends needy persons to JJFLC for obtaining financial literacy details like knowing about deposit schemes, Scholarship schemes for students, Government schemes etc.

Her address:

Smt. Shankaramma H.N.

Anganwadi Worker

Edenahalli

Contact Number: 9164134718