Increase employment opportunities, banking outreach in far flung areas: Governor

Increase employment opportunities, banking outreach in far flung areas: Governor
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SRINAGAR: Governor Satya Pal Malik on Friday advised J&K Bank Chairman Parvez Ahmed to fast track the operationalisation of Leh Ultra Small Banking project, besides rolling out the initiative in all the regions of the state so that people could conveniently avail banking facilities in their respective areas.
He urged for creating employment opportunities for the educated unemployed youth in the state. The governor directed that the process should be initiated immediately and completed in a transparent and time-bound manner, an official handout read.
Chairman Jammu and Kashmir Bank, Parvez Ahmed had met the governor at Raj Bhavan here.
The bank chairman informed the governor about the steps taken by the bank for socio-economic development of the state by improving the credit penetration in the productive sectors of economy. “An ambitious expansion plan has been drawn by the bank to take banking to the doorstep of people in all the regions of the state besides increasing the banking infrastructure and promotion of digital economy,” he added.
He informed that a pilot project in this direction for opening of 35 Ultra Small Branches was in advanced stage of completion to link all the 111 villages of Leh district with formal banking system besides creating employment for the local educated youths, the handout read.
Parvez also apprised the governor about the CSR initiative of the bank for construction of a residential accommodation in Maharashtra to alleviate problems of cancer patients and their attendants from Jammu and Kashmir availing medical treatment there for which the government of Maharashtra is in the process of allocating land to the state government. He requested that the matter be taken up with the chief minister of Maharashtra for expeditious allotment of land, it added.