J&K Bank starts ‘Special Desks for Youth, Women Entrepreneurs’

Excelsior Correspondent

SRINAGAR, Sept 30: Financial Commissioner Finance Department Dr Arun Kumar Mehta 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 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. “Jammu and Kashmir Bank will start a special desk from tomorrow for youth and women entrepreneurs”, the LG had said.
Complying with the Government directions, the bank created special desks for youth and 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 of J&K economy demands that the bank’s advances must grow at 25 to 26 per cent during the current financial year and for that it must focus on youth and women entrepreneurs. Going beyond banking you must counsel, finance, track, hand-hold and help the aspiring entrepreneurs with backward and forward linkages’, adding that the bank need to promote more and more collateral-free loans with adequate CGTMSE cover, which are safe both for banks and its borrowers”.
CMD R K Chhibber said, “We have put up a mechanism in place to ensure hassle-free credit facilities besides counseling and hand-holding youth and women entrepreneurs to achieve the desired objectives envisaged under the package announced by the J&K UT Government. As always as an institution, we shall remain at the forefront to extend every possible support to make the government’s extremely important economic initiative a successful endeavour while coordinating with the Government agencies.”
“Best customer services shall be extended and ensured at all operational levels to all the aspiring entrepreneurs irrespective of gender or location”, the CMD asserted.
The bank has nominated Nodal Officers at zonal levels to man these special desks for providing credit and counselling facilities to youth and women approaching different Business Units, he added.
Executive Presidents Sunil Gupta, Ghulam Nabi Teli, Presidents, Zonal-Heads, Vice Presidents and other officers of the bank attended the inaugural function. All the Zonal Heads of J&K and Ladakh UTs also attended the function along with the respective Nodal Officers via video-conferencing.
Dr Mehta also interacted with all the nodal officers through video-conferencing.
On the occasion, the bank’s Vice-President Rakesh Koul gave a detailed presentation of different products, schemes along with their purpose and features for youth and women entrepreneurs besides highlighting the initiatives take by the bank.