EDB, NABARD hold credit camp

JAMMU: Ellaquai Dehati Bank (EDB), in association with NABARD and Priyadarshani Indra Mahila Block Society, Jammu, conducted a credit camp at village Dharp, Satwari here on Saturday, a spokesperson of the EDB said.
This was a part of NABARD’s ambitious village Development Programme, which entails initiatives from financial inclusion and access to credit, infrastructure development and creation of community assets. Speaking on the occasion BG Mukhopadhyay, Chief General Manager, NABARD stated that this programme is aimed at integrated development of the village, focusing on the financial inclusion in all aspects combining development of socio economic, infrastructural and Human aspect of development.
While appreciating the role of Ellaquai Dehati Bank, under the leadership of AK Razdan, chairman, he stated that the people in the area should take best use of the facilities provided by the bank at their doorstep. He said this is the first RRB in the state, which is issuing ATM cards to the Loanees under KCC. The Chairman Ellaquai Dehati Bank, who was the special invitee expressed his gratitude to Mukhapaday and reassured that the bank will be putting all its efforts for providing cheap and high-tech credit to its customers. A good number of KCC ATM cards were issued to the farmers in the camp. Besides loan disbursement of about Rs 60 lakh to about 45 beneficiaries was made under Agricultures and Allied Activities. The camp was also attended by SS Batua DGM NABARD, Regional Manager of the Bank BL Bhat, ML Radhu, Branch Manager, Nai Basti besides Kashmir Singh Sarpanch and NGO Yogesh Dhar of PIMBS Jammu
Indian business leaders cautiously optimistic at Davos
DAVOS: As the WEF’s annual meet draws to a close, Indian business leaders say their main takeaway would be cautious optimism about their country, even as the upcoming Lok Sabha elections and evolving political scene seemed to dominate India discussions at this global gathering.
This year’s World Economic Forum (WEF), which is being held against the backdrop of a slow global recovery, has a large Indian delegation in attendance.
Diversified group Mahindra & Mahindra’s senior executive Pawan Goenka said: “There is enough optimism about India. Therefore, I don’t think that India story is dead at Davos”.
“In fact when I talk about India, there is this whole feeling that India has taken a back seat at Davos. But I did not see that,” stated Goenka, who is Executive Director & President – Automotive & Farm Equipment Sectors at the group.
Discussions about the outcome of upcoming polls and the advent of Aam Aadmi Party (AAP) were major talking points.
“Everyone is more positive about economic recovery in different markets and there is an increasingly positive mood in Davos this year. About India, everyone is waiting for the elections and people are in watch mode,” N Chandrasekaran, CEO & MD of India’s largest IT firm TCS told PTI.
“What I am telling the Indian ministers here is that they should use platform like Davos to tell the world about their showcase projects that they have delivered,” Hinduja Group’s Prakash Hinduja said.
According to Hinduja, a noted businessman, there is a perception the Indian government has done little, but that is far from the truth as government has indeed done many things.
Global real estate consultancy Jones Lang LaSalle’s (JLL) India head Anuj Puri said the mood about India is “something like subdued optimism or dissatisfied optimism”.
Participating at WEF, Commerce and Industry Minister Anand Sharma had said foreign investors continue to remain bullish on India and government’s steps to fast track project clearances have given a boost to the growth story.

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