Union MoS in Prime Minister’s Office Jitendra Singh Saturday visited J&K Bank’s zonal office at Jammu and e-inaugurated its Saddal (Panjar) branch situated in Moungri Tehsil of district Udhampur in presence of the chairman and CEO of the bank Parvez Ahmed.
Bank’s executive presidents PK Tickoo and RK Chibber, president Rakesh Gandotra along with vice presidents Sudhir Gupta, Vinod Sharma, Shareesh Sharma and other senior officials of the bank were also present at the occasion.
“I compliment the J&K Bank for starting a branch in remote flood hit Saddal Village and certainly the bank’s endeavouring to reach the unreached areas for banking services and making social interventions to economically uplift the rural people of the state,” J&K Bank statement quoted Jitendra Singh saying.
“The sincere efforts of the J&K Bank chairman for taking personal interest in commissioning of this branch which also happens to be located in one of the remotest areas of the state on the inaccessible hilly terrain are appreciable. J&K Bank has always been in the forefront for serving the various sections of society in the state not only as a banker but also as a responsible corporate house. The economic reconstruction of this area will initiate a great change in social behaviour as well and I long to see this change in the entire country. The rebuilding of Saddal village should derive inspiration from the revival of Hiroshima-Nagasaki cities which set an example for the whole world.” Singh said, according to the J&K Bank statement.
After distributing loan sanction letters to a number of women beneficiaries of Saddal Panjar the union minister said, “Going through the recent loan statistics, about 70 percent of borrowers under Mudra loans across the country are women folk who are starting their businesses as entrepreneurs. The Government of India and even the state governments are already encouraging startup ideas with initiatives such as Startup India. Loan procedures for granting finance to entrepreneurs should be relaxed.”
While commending the contribution of J&K Bank in rehabilitation and reconstruction of flood hit village Saddal, Jitendra Singh requested all the stakeholders to come forward and contribute towards the redevelopment of the village in all ways possible, read the statement.
Earlier Parvez Ahmed describing the visit of the union minister to the bank’s zonal office as memorable said, “We acknowledge and appreciate the concern of Jitendra Singh for the inhabitants of Saddal as he has taken time from his hectic schedule to inaugurate our business unit Saddal Panjar which has been opened for financial interventions to economically uplift the inhabitants of village Saddal who had to face a tragic loss in the flash floods and now being rehabilitated under his aegis. I reiterate J&K Bank’s commitment to support the rehabilitation and economic upliftment of the people of not only Saddal but the entire Bhamag region which is severely deficit of opportunities to live a dignified economic life. Our team has identified the potential segments like Agri Allied, Dairy, Handloom, Walnut, Medicinal & Aromatic plants etc.”