Banks set up training institutes for youth

Bangalore, June 12 (UNI) Karnataka State Level Bankers' Committee (SLBC) Chairman C P Swarnakar today said the banks in Karnataka had taken up initiatives to set up training institutes to encourage self employed ventures for youth.

Speaking at the SLBC meeting here, he said the major banks had sponsored 31 rural development and self employment training institutes to impart free residential training to the rural unemployed youth.

He said the banks had extended couselling services during the post training period to facilitate their settlement.

Nine districts selected by major banks had successfully completed first phase of 100 per cent Financial Inclusion through opening No Frills Accounts, including SB Accounts.

He urged the bankers to adopt the remaining 18 districts for achieving first phase of 100 per cent Financial Inclusion by September.

The Chairman said the commercial, cooperative and rural development banks had submitted interest claims to the tune of Rs 515.27 crore, Rs 95.15 crore, and Rs 115.47 crore respectively so far to the RBI and the NABARD.

The banks had also rescheduled 2,92,748 accounts involving credit limit of Rs 1208.22 crore and granted fresh credit to 2,27,124 farmers in Belgaum, Hassan, Chitradurga, Chikamagalur, Kodagu and Shimoga districts, he said.

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