‘JK Bank’s role in CSC project limited, defined’

Srinagar: J&K Bank today said its role as implementing agency for common service centres, a Ministry of IT, Government of India’s Project for National e-Governance Plan was limited and defined. In a statement here today the bank said it had offered its services to act as Service Centre Agency for the implementation of Ministry of IT’s CSC Project just be a facilitator and employment generator in the state. “Having done its bit by identifying Village Level Entrepreneurs (VLEs), extending financial assistance to them and providing infrastructure for establishment of CSC, read Khidmat Centres, the Bank has assisted VLEs turn their Centres into functional service outlets,” it said. “The Bank also provided services like documentation of loan proposals, besides awarding, to many CSCs, Business Correspondent status to multiply their revenue receipts,” it said.“The CSC owners need to understand that Project is primarily related and even subservient to the progress on e-Governance front. More the progress on this front, more will be the services that CSCs can handle and provide, and consequentially more revenues. And what is critical is that this is the area where J&K Bank cannot help,” it said. “The VLEs ought to understand the project in its entirety and the job roles assigned to various stakeholders of the project including Service Designated Agency (SDA)-State Government of J&K, Service Centre Agency -J&K Bank, Common Services Centre Special Purpose Vehicle (CSC-SPV)-Ministry of Communications & Information Technology, GoI, and Village Level Entrepreneur (VLE),” it said. “J&K Bank’s role in the project is limited and well defined.  Technically speaking bank’s role as Service Centre Agency is confined to develop, design, build, rollout and establish the CSCs,” it said. “Pertinently, as and when the revenue support funds are released by the Service Designated Agency (SDA) of the Project, J&K Bank has immediately disbursed the same to VLEs despite the fact that revenue support would otherwise accrue to the bank. This is done at the behest of the J&K Government, with the objective to ensure sustenance and success of the project and the VLEs. However, if the revenues are not forthcoming, there is nothing J&K Bank can do in this regard,” it said.