6th September 2009
Srinagar
JKBank's Dastkar finance mela:Hardabura (Kunzar) artisans get Rs.1.20 crore loan
Business unit Kunzar of the J&K Bank organized an impressive Dastkar Finance Mela at Hardabura village in north Kashmir yesterday. Agriculture Minister, Ghulam Hassan Mir was chief guest on the occasion. J&K Bank's President and Secretary, Parvez Ahmad, Zonal Head (North Kashmir), Abdul Hamid Banday, Vice President, Khursheed Ahmad Pandit and Cluster Head, Ghulam Rasool Mir were present on the occasion. The function, which was first of its kind in the village, was attended by large number of customers of the bank, belonging particularly to artisan community.
The impressive Mela was a part of the Bank's initiative to extend financial support to the state's handicrafts industry and the craftsmen associated with the sector. Agriculture Minister, Ghulam Hassan Mir, handed over loan sanction letters to 76 artisans amounting to Rs.1.20 crores. This also included 6 cases of unemployed youth who have been granted financial support under the Prime Minister's Employment Generation Programme.
Ghulam Hassan Mir, Agriculture Minister, while appreciating the role of J&K Bank in reaching out to poor and needy in areas like Hardabura said, "J&K Bank is crown of the state. It is because of the hard work of its employees that the bank has emerged as the most profitable institution from the state. Today J&K Bank has once again proved that this bank is for poor. Providing financial support to craftsmen, who mostly live in abject poverty, leaves no scope of complaints against the bank." While complementing the initiative of providing timely financial support to poor artisans and unemployed youth of the village in hard times of recession which has already hit the handicrafts industry, the minister said, "The bank has been improving its contact with people at all levels, but it is the responsibility of the people also to respond positively. These kind of initiatives have shown that bank gives equal treatment to all and never discriminates on the basis of being poor or rich." He emphasized the need to be a good customer and asked the artisans to utilize the loan amount properly and ensure timely repayment of the loan. He also announced that the government should be soon establishing marketing outlets so that the products produced by the craftsmen are marketed properly and profitably. The minister praised the performance of the Kunzar branch of the bank and lauded the proactive approach of the branch head, Aijaz Ahmad.
Parvez Ahmad, President of the Bank, in his address outlined the strong base of the bank because of peoples' support. "The bank is internationally known for having strong fundamentals. We have been supporting each and every sector of the state's economy, be it agriculture, horticulture, handicrafts or industries sector and the bank has tailored relevant products for each economic sector," said Parvez Ahmad. He stated that the bank during the past few years has been focusing on the state of Jammu and Kashmir. "Out of loan portfolio of Rs.20,000 crores, the bank has granted loans to the tune of over Rs.11,000 crore in the J&K State and out of 600 branches, 450 are located in the state," he said. He also requested the government to provide marketing support to the artisans so that the middleman is sidelined and the benfit goes directly to the artisan. He assured the gathering of Bank's support to explore business and employment opportunities so as to empower every segment of the society. Guided by our strategy, Parvez said, we customize our products as per peoples requirements.
He precisely emphasized that J&K Bank's strategy and growth model revolve round the goals of empowering people and development of the state. "We are for all-round development of the state. Giving boost to all sectors of state economy, devising financial activity specific products, hassle free procedures, preservation of heritage, boost up arts and crafts etc. is what makes J&K Bank a brand ambassador of J&K state."
Earlier Zonal Head (North Kashmir) of the bank, Abdul Hamid Banday in his welcome address gave details about the kind of support given by J&K Bank in the economic development of the State. "We have been proactive in our operations, as we go from door to door to provide financial services to the people irrespective of their locations. We have been carrying forward the mission of our visionary chairman Dr. Haseeb Drabu to reach out to all segments of our customers in the J&K state with financial solution of their needs and requirements," he said.
Cluster Head of the Bank, Ghulam Rasool Hajam presented vote of thanks.
The impressive Mela was a part of the Bank's initiative to extend financial support to the state's handicrafts industry and the craftsmen associated with the sector. Agriculture Minister, Ghulam Hassan Mir, handed over loan sanction letters to 76 artisans amounting to Rs.1.20 crores. This also included 6 cases of unemployed youth who have been granted financial support under the Prime Minister's Employment Generation Programme.
Ghulam Hassan Mir, Agriculture Minister, while appreciating the role of J&K Bank in reaching out to poor and needy in areas like Hardabura said, "J&K Bank is crown of the state. It is because of the hard work of its employees that the bank has emerged as the most profitable institution from the state. Today J&K Bank has once again proved that this bank is for poor. Providing financial support to craftsmen, who mostly live in abject poverty, leaves no scope of complaints against the bank." While complementing the initiative of providing timely financial support to poor artisans and unemployed youth of the village in hard times of recession which has already hit the handicrafts industry, the minister said, "The bank has been improving its contact with people at all levels, but it is the responsibility of the people also to respond positively. These kind of initiatives have shown that bank gives equal treatment to all and never discriminates on the basis of being poor or rich." He emphasized the need to be a good customer and asked the artisans to utilize the loan amount properly and ensure timely repayment of the loan. He also announced that the government should be soon establishing marketing outlets so that the products produced by the craftsmen are marketed properly and profitably. The minister praised the performance of the Kunzar branch of the bank and lauded the proactive approach of the branch head, Aijaz Ahmad.
Parvez Ahmad, President of the Bank, in his address outlined the strong base of the bank because of peoples' support. "The bank is internationally known for having strong fundamentals. We have been supporting each and every sector of the state's economy, be it agriculture, horticulture, handicrafts or industries sector and the bank has tailored relevant products for each economic sector," said Parvez Ahmad. He stated that the bank during the past few years has been focusing on the state of Jammu and Kashmir. "Out of loan portfolio of Rs.20,000 crores, the bank has granted loans to the tune of over Rs.11,000 crore in the J&K State and out of 600 branches, 450 are located in the state," he said. He also requested the government to provide marketing support to the artisans so that the middleman is sidelined and the benfit goes directly to the artisan. He assured the gathering of Bank's support to explore business and employment opportunities so as to empower every segment of the society. Guided by our strategy, Parvez said, we customize our products as per peoples requirements.
He precisely emphasized that J&K Bank's strategy and growth model revolve round the goals of empowering people and development of the state. "We are for all-round development of the state. Giving boost to all sectors of state economy, devising financial activity specific products, hassle free procedures, preservation of heritage, boost up arts and crafts etc. is what makes J&K Bank a brand ambassador of J&K state."
Earlier Zonal Head (North Kashmir) of the bank, Abdul Hamid Banday in his welcome address gave details about the kind of support given by J&K Bank in the economic development of the State. "We have been proactive in our operations, as we go from door to door to provide financial services to the people irrespective of their locations. We have been carrying forward the mission of our visionary chairman Dr. Haseeb Drabu to reach out to all segments of our customers in the J&K state with financial solution of their needs and requirements," he said.
Cluster Head of the Bank, Ghulam Rasool Hajam presented vote of thanks.