Fold English news | Fold, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Jammu, Feb 22 Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday reviewed the progress made in financial inclusion by banks in J&K with M.K. Jain, Deputy Governor of RBI, Arun Kumar Mehta, Chief Secretary, and other officials.Sinha shared the vision of the UT government for extending banking and financial services at the doorsteps of the people of J&K.Efforts are being made to enable far-flung areas of rural interiors to become fully connected with the financial sector, he said."To broaden the social base of development, we are enhancing people's access to financial products, promoting 'One District One Product', institutional credit to women, youth, SMEs, handicrafts, horticulture and various other priority sectors for effective contribution to the growth processes of the UT," Sinha said."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," he added.In the last two years, various reforms have been executed to provide opportunities to scheduled commercial banks to expand operations in J&K, he said."We will also work together to make our credit lending system more sensitive to the needs of women and youth entrepreneurs, farmers and artisans," Sinha said.There is a need for additional banking outlets in the rural areas to bring excluded households into the fold of institutional credit and financial services in a structured and sustainable manner, he added.The enabling ecosystem will also bridge the gap between government schemes and people living in geographically difficult terrain, he said.Sinha asked the concerned officials to explore all possibilities for extending financial handholding to the eligible beneficiaries through various government schemes and interventions.Jain 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.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

FoldFOLLOW

Fold, Latest News

Chennai, March 4 AIADMK Chief Coordinator O. Panneerselvam and Coordinator Edappadi K. Palaniswami will be meeting soon to ... ...

Chennai, March 3 AIADMK leader and former MLA, V.C. Arukutty who represented Kavundampalayam assembly constituency in the past ... ...

A day after AIADMK Theni cadre passed a resolution in favour of inducting Sasikala and TTV Dhinakaran into the party fold, party's Chennai unit opposed the resolution and said that it is up to party leadership to take the decision on re-inducting the ...

The AIADMK functionaries in Theni district unanimously passed a resolution urging the leaders to include expelled party general secretary Sasikala Natarajan and TTV Dhinakaran back into the party fold. ...

Kochi, March 1 While the CPI-M may appear to be stagnant in states like West Bengal and Tripura, ... ...

New Delhi, Feb 28 Apple is reportedly working on a device with a massive 20-inch foldable display that, ... ...

Seoul, Feb 25 Samsung introduced the Expert RAW camera app with Galaxy S21 Ultra and now a new ... ...

Jammu, Feb 22 Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday reviewed the progress made in financial ... ...