CM Inaugrates JK Bank Rajouri Zonal Office complex building

Rajouri: Chief Minister Mehbooba Mufti on Tuesday after inaugurating J&K Bank Zonal Office Complex Rajouri in presence of Deputy Chief Minister Nirmal Singh.
Minister for Health and Medical Education Bali Bhagat, Minister for Public Works Nayeem Akhter, Minister for Education Syed Altaf Ahmed Bukhari, Minister for Consumer Affairs and Public Distribution (CAPD) Chowdhary Zulfiqar Ali, Bank’s Chairman and CEO Parvez Ahmed, MLA Rajouri Chowdhary Qamar Hussain and Regional Director RBI N K Sahu.
She said that development of Pir Panjal remains high on the development agenda of the government. The Bank’s Executive Presidents, Senior Presidents, Presidents, Vice- Presidents and other senior officers besides senior citizens and valuable customers were also present on the occasion.
As always at the forefront of developmental activities, the bank has again taken lead in developing its infrastructure across the state and I feel elated to see it happening”, she added.
Earlier, expressing his gratitude to the Chief Minister for sparing her valuable time, Chairman Parvez Ahmed said they feel honoured to have CM inaugurate Zonal Office Complex which has been very important project for the bank.
This project is one of the key milestones in the history of bank as the people of Pir Panjal have always been not only supportive but ever loyal to the brand of J&K Bank.”
H e said that with 60 percent of population below poverty line, Jammu West Zone comprising of Rajouri and Poonch districts holds immense potential for financial empowerment and economic growth.
The fact that among total population of 12 lacs there are only 50000 borrowers, points to the lucrative prospect of credit absorption in the region.
“Keeping this in view, we target total business of 10,000 Cr in the Jammu West Zone over next 3 years and envisage increasing the number of business units from 53 to 200 and ATM from 55 to 150.”
The bank, he said, has also planned to take financial inclusion to the next level by providing liberal credit assistance to cover 20% of the population annually through its various credit programs and requested the government to enhance its reach through region specific sponsored schemes.
The focus of the Bank, he added, will be to bring down the percentage of BPL families from 60% to 30% in next 5 years. And we require support for our credit dispensation from the government through trainings in employment generation skills of population besides interest subvention.
He further stated that the Bank shall provide direct and indirect employment to the local educated youth through branch expansion. The bank will also support startup ecosystem by launching startup schemes and incubation centers in collaboration with the state government.
The Chairman also shared his plans to provide liberal financial assistance in milk production segment to the resilient women folk engaged in the cattle rearing once the government facilitated setting up of milk collection and processing plant in the region to leverage milk production capabilities of local population.
She also inaugurated the Currency Chest at J&K Bank Zonal Office Complex. Before inauguration of the Zonal Office Complex Chairman and CEO Parvez Ahmed briefed the Chief Minister through a power point presentation about the office complex.
He said that the facility is located strategically Zonal Office Complex Rajouri has state-of-the-art architecture with all contemporary facilities. Connected with banks network using high speed MPLS connectivity, the complex has a large conference hall and training room besides HVAC, security systems deployed across. The building has an easily accessible ATM to serve the local populace 24×7.
‘The currency chest housed in the ground floor of complex shall ensure instant cash availability to around 113 business units of all banks operating in Rajouri and Poonch districts who earlier had to depend on supplies from Jammu and Udhampur.
The total project cost, which includes cost of land and construction of the complex, is around Rs. 30 Crores.
An ATM at the bank’s Zonal Office Complex in Rajouri was also inaugurated by Regional Director RBI K N Sahu inaugurated the ATM in presence of the bank’s Chairman and CEO Parvez Ahmed, Executive Presidents Vagish Chander, S S Sehgal, Abdul Rauf, , Senior Presidents Abdul Rashid, S K Bhat, Presidents, Nishi Baru and Chairman J&K Grameen Bank R K Chhibber, Vice Presidents and other senior officers.
The bank also under its Corporate Social Responsibility, J&K Bank also donated an Ambulance to Auqaf Islamia Shadara Sharif Trust for providing ambulance facilities to the under privileged people of the far flung villages.
Chief Minister Mehbooba Mufti handed over the keys of ambulance to the Trust’s Administrator Abdul Qayoom Dar in presence of Parvez and other top executives of the bank.

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