Jammu, Jan 9: Keeping its commitment to provide banking facilities to the people  especially farming community, the Jammu Central Co-operative Bank opened its Extension Counter in Kishsenpur, Dungra in Billawar Tehsil  which was inaugurated by the Minister for Co-operatives, Dr Manohar Lal Sharma yesterday.
He, according to an official statement, was informed that on the first day of its opening Rs. 20 lakhs have been deposited  in the bank which would prove beneficial to convert the extension counter into a full fledged branch in near future after it crosses the prescribed limit of Rs. two crore deposits required for conversion.
Addressing a large gathering after inaugural function, the Minister said that with the opening of this extension counter a long pending demand of the people of the areas has been fulfilled and appealed people to deposit their money in the bank generously making it a success one, adding that even rural women folk can also avail hassle free banking facilities.
Dr. Manohar said farming community can avail the benefit of crop loan, credit card and other small loan facilities from the bank at petty interest rates. He said the bank with its able management is doing its business nicely and will achieve new heights in years to come and with their sincere efforts more such extension counters could be opened in other areas for which survey has already been conducted.
            The Minister appreciated the desire of the Management Committee of a revered Peer Baba Ziyarat to deposit Rs. One crore offerings accumulated in the village.
            Chairman, Jammu Central Co-operative Bank,   Mohinder Singh dwelt at length on the performance and achievements of the bank and said that the total deposits of the bank are of Rs. 805 crore, advances of Rs 295crore. The bank has issued 20800 kissan credit cards till date with loan of Rs 21 crore, said the Chairman and added that the bank has 66 branches with 16 extension counters in Jammu division. He further said that approval has been accorded to establish 06 more extension counters in the Kathua district.
Board of Directors also spoke on the occasion and highlighted the achievements and future policies of the bank. These include   Surjit Singh,   Nand  Kishore,   Ramesh Chander Verma and   Gopal Krishen.
SDM. Billawar,Managing Director, JCC Bank,   Arun Bakshi and District Manager, JCC Bank Kathua,   Janak Raj besides prominent citizens  were also present on the occasion.

Lastupdate on : Sat, 9 Jan 2010 21:30:00 Makkah time
Lastupdate on : Sat, 9 Jan 2010 18:30:00 GMT
Lastupdate on : Sun, 10 Jan 2010 00:00:00 IST