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news details
GCW Parade goes digital as J&K Bank launches Campus Card for students
1/29/2019 11:04:53 PM
Early Times Report
Jammu, Jan 29: A Memorandum of Understanding (MoU) was inked between J & K Bank and Government College for Women, Parade Jammu to facilitate a multi functional co branded Campus Card for the students of the college.
The chip based co-branded card will operate both as a debit card and a smart card. Such cards are being used globally in educational institutions for a serving a number of purposes like identity card, debit card, integrated access and attendance card.
The MoU was signed by J&K Bank, President CBO, Maqbool Lone and Principal GCW Dr. Hemla Aggrawal in the presence of Prof. Manoj K Dhar Vice-Chancellor University of Jammu. Also present on the function were J & K Bank Vice President & Zonal Head Sudhir Gupta along with faculty members and administrative team of Government College for Women and other senior officials of the bank.
In her welcome address Dr. Hemla lauded the role of bank towards designing a goal oriented approach for the welfare of student community as well as Government employees of the state. She also recalled the active role played by the J&K Bank team during digitalization of admission process and collection of admission fees by GCW.
Vice-Chancellor Jammu University said that J & K bank being the premier flagship company of the state has under taken many major CSR initiatives in the state, particularly in the institutions of higher learning thereby creating an environment of Business development and mutual reliance. The Bank besides playing a pivotal role in economic development of the state and country, contributes significantly towards the social causes as well. As a responsible corporate citizen, the Bank seeks to recognize obligations towards society and aims to integrate the CSR ideals into its mission for optimizing both business and social performance. The CSR initiatives differentiate the Bank's brand and enhance its status.
By the virtue of this MoU, J & K Bank will extend "Phone Pe Loan" facility to the active permanent employees of the Government College for Women, Parade, Jammu and this facility shall be presently available on J&K Bank Saral/Sahuliat Finance Scheme as well as J&K Bank Cash Credit Facility for Salaried employees. This mechanism allows the employees of Government College for Women to apply for the loan using mPAY mobile application or IVR based approach.
Maqbool Lone said, "I feel exalted that the two institutions have entered into a MoU to issue co branded cards to the students of GCW. The students simply need to open an account with the bank, and the Campus card will be provided free of cost. This card will also be compatible with the software applications used by the college, and will provide digital access of library to the students."
Participants including staff and students of GCW were also informed about other schemes like Car Loan, Housing Loan, Education Loan etc. of the bank through a business promotion kiosk set up at the venue. On spot loans were also sanctioned to staff of GCW.
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