FINANCE MINISTER INAUGURATES J&K BANK’S RETAIL CREDIT, DIGITAL BUSINESS PROMOTION CAMPAIGN
J&K Bank’s two-day retail credit cum digital business promotion campaign began in the lawns of the civil secretariat here today to create awareness about the Bank’s digital products and also to provide hassle free access to retail credit schemes like Car Loan, Home Loan, Cash Credit & Personal Loans to the employees of the secretariat.
The campaign was inaugurated by the Finance Minister Dr. Haseeb Drabu in presence of the Chairman and CEO J&K Bank, Parvez Ahmed. The Bank is providing on the spot facility for opening of new accounts with issuance of instant Debit/ Rupay cards, linking mobile number to account, seeding Aadhar with bank account number, awareness and assistance in downloading, installing, activation of Mobile Banking App (MPay) and issuance of E-banking facility to the secretariat employees.
The Bank is also offering 100% waiver of processing charges on loans and concession of 50 BPS in Rate of interest for loans sanctioned during the campaign under the specified retail credit schemes.
Dr. Drabu appreciated the outreach of the bank to the Civil Secretariat employees which he said shall not only provide an opportunity to the employees to avail attractive concessions in various loans but will also strengthen the relationship of the JK Bank with its most important constituents i.e. Government Employees. The Finance Minister advised the Bank to undertake such campaigns for micro and small retail enterprises to support the budding entrepreneurs. He lauded the Bank’s focus on digital banking products to promote less cash economy in the J&K state.
The Chairman and CEO J&K Bank Parvez Ahmed announced the lucky draw scheme for the government employees who availed/registered themselves for a credit product during the campaign period with prizes of Motor Cycle, TV, Refrigerator, Oven etc. While assuring to take forward the vision of the Finance Minister in supporting the micro and small enterprises, the Chairman added that the bank is always willing to transcend the boundaries of its formal channels to empower every individual in the J&K state especially the budding entrepreneurs.
Huge rush of employees was witnessed in the Bank’s campaign and lucky draw offer which shall also be available to the civil secretariat employees tomorrow at the same venue.