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news details
FC Arun Mehta e-inaugurates J&K Bank Special Desks for youth, women entrepreneurs
10/1/2020 12:35:45 AM

Early Times Report

Srinagar, Sept 30: Financial Commissioner (Finance Department), J&K Government, Dr Arun Kumar Mehta (IAS) today e-inaugurated J&K Bank ‘Special Desks for Youth and Women Entrepreneurs’, jointly with the J&K Bank Chairman and Managing Director (CMD) R K Chhibber amid a round of applause here at the bank’s corporate headquarters.
Notably, the bank’s special desks have been created in line with the announcement made by Lieutenant Governor J&K Manoj Sinha while unveiling the economic package of Rs 1350 Cr for Jammu and Kashmir. “….The Jammu and Kashmir Bank will start a special desk from October 1 for youth and women entrepreneurs”, the LG had said.
Complying with the government directions, the bank created special desks for youth & women entrepreneurs at all its zonal offices to counsel them, facilitate their commercial ventures and expedite the disposal of their credit-proposals at respective business units/offices.
Speaking on the occasion, the Financial Commissioner Arun Kumar Mehta said, “The revival and growth of J&K economy is one of the major challenges for the government, for which I cannot overemphasize the role of J&K Bank. All we need is to join hands and redouble our efforts to make it grow and develop, for which we all need to work harder and go beyond routine banking.”
“By owning up its problems and taking corrective measures in transparent manner, J&K Bank is today a safe bank with a provisioning above the industry average. Our Government stands behind you and will continue to do so but you have to live up to its trust as well”, he added.
He further said, “The revival of J&K economy demands that the bank’s advances must grow at 25-26 pc during the current financial year and for that it must focus on youth and women entrepreneurs.
The CMD R K Chhibber expressed profound gratitude to Dr A K Mehta for sparing his valuable time and sharing his heartfelt thoughts with the bank’s management and staff. He assured that J&K Bank family would leave no stone unturned to meet the growth targets needed for the revival of J&K economy.
Expounding upon the bank’s perspective, he said, “At J&K Bank, we believe, youth and women - two most important and under-utilized demographic segments that can help sustain the growing economies - both need to be empowered financially and integrated into the region’s work-force to achieve goals of development in comprehensive and inclusive manner. This day is of huge importance to us as an inclusive and forward-looking financial institution.”
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