Role of banks pivotal to sustaining economic growth: Advisor Sharma

Role of banks pivotal to sustaining economic growth: Advisor Sharma

The advisor was speaking at the inauguration of the state credit seminar 2019-2020 organised by regional office of the National bank for Agricultural and Rural development Bank (NABARD) here today.

Advisor to Governor Kewal Kumar Sharma Monday said that role of banks is pivotal in promoting human development by way of providing avenues for economic development besides ensuring the creation of assets.

The advisor was speaking at the inauguration of the state credit seminar 2019-2020 organised by regional office of the National bank for Agricultural and Rural development Bank (NABARD) here today.

The seminar was attended by Principal Secretary Animal and Sheep Husbandry, Dr AsgarSamoon, Regional Director RBI, Chairman Jammu and Kashmir Bank Parvaiz Ahmad, Chief General Manger NABARD and other senior officers of NABARD, banks and officers of different departments.

The advisor said that the banks provide necessary support to different aspiring entrepreneurs and the government with the necessary monetary and credit support to undertake varied activities both economical as well as developmental initiatives. He said that since the majority of the population of the state lives in the rural areas so that role of NABARD is very significant in economic activities as well the developmental works.