Srinagar Observer
Saturday, June 28, 2025
  • Home
  • Top News
  • Kashmir
  • Jammu
  • Business
  • Sports
  • National
  • World
  • Editorial

    The Habitual Shifts

    Assuring Crime Free Society

    Stimulating Young Energy

    An Ethical Denial

    Beating Inflation

    The Timely Exigence

    Extension in Academics

     Aiding Healthcare

    Development in Disguise

    Gender-Free Conviction

  • Edit-Oped
  • ePaper
No Result
View All Result
Srinagar Observer
  • Home
  • Top News
  • Kashmir
  • Jammu
  • Business
  • Sports
  • National
  • World
  • Editorial

    The Habitual Shifts

    Assuring Crime Free Society

    Stimulating Young Energy

    An Ethical Denial

    Beating Inflation

    The Timely Exigence

    Extension in Academics

     Aiding Healthcare

    Development in Disguise

    Gender-Free Conviction

  • Edit-Oped
  • ePaper
No Result
View All Result
Srinagar Observer
No Result
View All Result
Home Latest

Lt Governor reviews progress towards financial inclusion by banks in J&K

SO NEWS Desk by SO NEWS Desk
February 22, 2022
in Latest, Top News
A A
0
Share on FacebookShare on TwitterWhatsApp

JAMMU –  Lieutenant Governor Manoj Sinha today reviewed the progress towards financial inclusion by banks in J&K with 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.

RELATED POSTS

Delay in Rotational Headship Policy Draws Concern in Kashmir’s Medical Colleges

Rouble Nagi Art Foundation to Establish Computer Lab at Madrasa Shah Hamdan Tangdar

          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.

        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.

          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.

          Atal Dulloo, Additional Chief Secretary, Finance Department;   Baldev Prakash, Managing Director & CEO, J&K Bank;  Kamal P. Patnaik, Regional Director, RBI;  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.

Related

ShareTweetSend
SO NEWS Desk

SO NEWS Desk

Related Posts

Delay in Rotational Headship Policy Draws Concern in Kashmir’s Medical Colleges

by SO NEWS Desk
June 28, 2025
0

SRINAGAR, JUNE 28 - A year after the Jammu and Kashmir government issued a landmark order mandating rotational headship in...

Rouble Nagi Art Foundation to Establish Computer Lab at Madrasa Shah Hamdan Tangdar

by SO NEWS Desk
June 27, 2025
0

KARNAH, KUPWARA | JUNE 27, 2025: In a major initiative aimed at bridging the digital divide in border areas, renowned...

Dharti Aaba Abhiyan Day-4: IEC campaign witnesses vibrant community participation in Anantnag

by SO NEWS Desk
June 18, 2025
0

ANANTNAG, JUNE 18: The ongoing 15-day Intensive Information, Education, and Communication (IEC) campaign under the Dharti Aaba Janjatiya Gramin Utkarsh...

Shakti Vijay Brigade Organizes Ex-Servicemen Rally at Tangdhar

by SO NEWS Desk
June 16, 2025
0

Dr Ashfaq Lone Tangdhar, June 16: In a significant outreach initiative, the Shakti Vijay Brigade conducted a large-scale Ex-Servicemen (ESM)...

Faz Lul Haseeb, IAS, Assumes Charge as Commissioner SMC & CEO SSCL

by SO NEWS Desk
June 16, 2025
0

SRINAGAR, JUNE 16: Shri Faz Lul Haseeb, IAS, today formally assumed charge as the Commissioner of Srinagar Municipal Corporation (SMC)...

Next Post

Dr Darakhshan meets Sri Sri Ravi Shankar at Bengaluru, discussed peace initiative proposals with the spiritual guru  

CURTAIN RAISER | NIT Srinagar to host 'Science & Technology Festival'  on Feb 28

Digital Edition

Srinagar Observer

Srinagar Observer is an English Newspaper based in Jammu and Kashmir

CATEGORY

  • Business
  • Edit-Oped
  • Editorial
  • Jammu
  • Kashmir
  • Latest
  • National
  • Photo Gallery
  • Sports
  • Top News
  • Uncategorized
  • World

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 9,375 other subscribers

Archives

No Result
View All Result
  • Home
  • About Us
  • Contact Us
  • Advertise

© 2024 Srinagar Observer - Designed by GITS.

No Result
View All Result
  • Home
  • Top News
  • Kashmir
  • Jammu
  • Business
  • Sports
  • National
  • World
  • Editorial
  • Edit-Oped
  • ePaper

© 2024 Srinagar Observer - Designed by GITS.