The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

Additional Banking Outlets Needed In Rural Areas: LG  

INS Desk by INS Desk
February 22, 2022
A A
Additional Banking Outlets Needed In Rural Areas: LG  
Share on FacebookShare on TwitterWhatsappTelegramEmail

Says Efforts Being Made To Enable Far-Flung Areas Of Rural Interiors To Become Fully Connected With Financial Sector

RELATED POSTS

In over 70 years, Srinagar records highest July temperature at 37.4 degrees

LG Sinha issues directives on pilgrims’ safety

Extension in summer vacation likely on Sunday: Sakina Itoo

Jammu, Feb 22:  Lieutenant Governor Manoj Sinha today reviewed the progress towards financial inclusion by banks in J&K with Sh. MK Jain, Deputy Governor RBI, Dr. Arun Kumar Mehta, Chief Secretary and other officials.

The Lt Governor shared the vision of the UT Government for extending the banking and financial services to the doorsteps of the people of J&K.

Efforts are being made to enable far-flung areas of rural interiors to become fully connected with financial sector, said the Lt Governor.

To broaden the social base of development, we are enhancing people’s access to financial products, promotion of ‘One District One Product’, institutional credit to women, youth, SMEs, handicrafts, horticulture and various other priority sectors for effective contribution to growth processes of the UT, the Lt Governor added.

J&K has become one of the preferred destinations for Industrial investment, Tourism, Film industry and real estate sector. The government is committed to ensure adequate and timely availability of credit to industrial and different productive sectors of the economy to finance growth, said the Lt Governor.

In the last two years, various reforms have been executed to provide opportunities to scheduled commercial banks to expand operations in J&K, observed the Lt Governor.

Buy JNews
ADVERTISEMENT

We will also work together to make our credit lending system more sensitive to the needs of women & youth entrepreneurs, farmers and artisans, the Lt Governor said.

There is a need for additional banking outlets in rural areas to bring excluded households into the fold of institutional credit and financial services in a structured and sustainable manner, added the Lt Governor.

The enabling ecosystem will also bridge the gap between government schemes and people living in geographically difficult terrain, he further added.

The Lt Governor asked the concerned officers to explore all possibilities for extending financial handholding to the eligible beneficiaries through various government schemes and interventions.

Sh. MK Jain, Deputy Governor Reserve Bank of India highlighted the importance of increasing the presence of banks for greater financial inclusion.  He informed that the implementation of Government Sponsored Schemes is monitored through the UT level Bankers’ Committee at periodic intervals.

Discussions were also held regarding creation of banking infrastructure, streamlining the working of District cooperatives and other banking cooperative societies, effective utilization of funds under NABARD schemes, concerns of the Industries & Commerce sector, availability of banking services, Micro Finance Institutions and NBFCs, and other important issues.

Sh. Atal Dulloo, Additional Chief Secretary, Finance Department;  Sh. Baldev Prakash, Managing Director & CEO, J&K Bank; Sh. Kamal P. Patnaik, Regional Director, RBI; Sh. Nitishwar Kumar, Principal Secretary to the Lt Governor;  Sh. Ranjan Prakash Thakur, Principal Secretary to Government, Industries & Commerce Department ( through virtual mode) and other senior officers attended the meeting at Raj Bhawan.

Previous Post

Srinagar Acid Case: Police Files 1000-Page Chargesheet Against Accused

Next Post

J&K Reports 137 Fresh Covid-19 Cases, No Death

INS Desk

INS Desk

Related Posts

Heat wave: SED advises schools to avoid assemblies in afternoon
Regional

In over 70 years, Srinagar records highest July temperature at 37.4 degrees

July 5, 2025
Under PM’s guidance, J&K Govt changed lives of tribal communities in 4 years: LG
Regional

LG Sinha issues directives on pilgrims’ safety

July 5, 2025
Will seek suggestions from all stakeholder on academic session restoration: Sakina Itoo
Regional

Extension in summer vacation likely on Sunday: Sakina Itoo

July 5, 2025
Police attach property worth  Rs 1.5 cr in Sgr in terror-linked case
Regional

Police attach property worth Rs 1.5 cr in Sgr in terror-linked case

July 5, 2025
3 persons killed in Kishtwar accident
Regional

25 pilgrims injured as yatra buses collide at Chanderkote

July 5, 2025
Heat wave: SED advises schools to avoid assemblies in afternoon
Regional

Heatwave: Sgr records 2nd hottest day of season at 35.3 degrees

July 4, 2025
Next Post
3 IAS officers attached to H&ME for assisting in Coronavirus mitigation efforts in J&K

J&K Reports 137 Fresh Covid-19 Cases, No Death

JK Bank postpones function

J&K Bank wins best performance award for implementing PMEGP in North India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Massive clashes erupt amid shutdown in south Kashmir

Massive clashes erupt amid shutdown in south Kashmir

December 5, 2017
Tral faces long power cuts; metered areas too face curtailment

Tral faces long power cuts; metered areas too face curtailment

December 13, 2017
Shutdown in Shopian continues against ‘disappearance’ of youth

South Kashmir parts remain shut for 4th consecutive day over Zakir Musa killing

May 27, 2019

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.