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| Chairman of J&K Grameen Bank meets Advisor to LG, UT of Ladakh | | |  Early Times Report
JAMMU, July 19: In a significant development aimed at promoting financial inclusion and driving economic growth in Ladakh, Sanjay Gupta, Chairman of J&K Grameen Bank, met with Dr. Pawan Kotwal, Advisor to the Hon'ble Lieutenant Governor of Ladakh.
During the meeting, Chairman Sanjay Gupta engaged in constructive discussions with Advisor Dr. Pawan Kotwal, known for his visionary approach in implementing crucial reforms and promoting the well-being of the people of Ladakh. The Chairman briefed the Advisor about the current business scenario of J&K Grameen Bank in the UT of Ladakh and explored opportunities for strategic business expansion in the region. The Advisor acknowledged the pivotal role of financial institutions in driving economic growth and emphasized the importance of tailored financial solutions for the local community.
Chairman Gupta highlighted that recognizing the tourism potential in Ladakh and the aspirations of the local community, the bank has developed products to facilitate the credit needs of the tourism sector in the region. These include financing options for the promotion of local hospitality, adventure and sports facilities, and the development of budget accommodations and homestays.
The Chairman also discussed the bank's plans to open two new branches in District Leh as part of its Annual Banking Outlet Expansion Plan for the fiscal year 2023-24. This move demonstrates the bank's commitment to reaching underserved and remote areas, providing them with essential banking services, and promoting financial empowerment.
Expressing gratitude, Chairman Sanjay Gupta thanked Advisor Dr. Pawan Kotwal for his keen interest and unwavering support in promoting financial inclusivity and economic prosperity in Ladakh. He reiterated the bank's dedication to working closely with the administration in implementing strategic initiatives aimed at uplifting the local economy and empowering the community. |
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