Excelsior Correspondent
SRINAGAR, Aug 26: Adding yet another feather in its cap, Muthoot Finance Limited, the flagship company of The Muthoot Group and India’s largest gold financing company in terms of loan portfolio, today announced the opening of its two new branches at Lal Chowk and Rajbagh in Srinagar.
While the company already has its branches in the Jammu region, this is the first time it has opened its doors in Srinagar.
Syed Mohammad Altaf Bukhari, Minister for Public Works (R&B), Floriculture, Gardens & Parks, was present at the inauguration of the branches as the chief guest alongwith M G George Muthoot, Chairman, The Muthoot Group. Bashir Ahmad Rather, president, All Kashmir Gold Dealers & Workers’ Association and vice president, Akhil Bhartiya Swarankar Sangh, M Noor-ud-Din, president, Lal Chowk Traders’ Association and Imtiaz Ahmed Kapra, president, Rajbagh Hotel Association were also present on the occasion.
Speaking on the occasion, M G George Muthoot, said, “The opening of these new branches at Srinagar is in consonance with the dynamic policy of the Group to reach out to the farthest places to enable Financial Inclusion. Srinagar has always been an integral part of The Muthoot Group’s expansion plan and this day marks the fulfilment of that dream. Today we are proud that we shall get an opportunity to serve the people of Srinagar in empowering their dreams by unleashing and monetizing the potential of their untapped valuable asset of used gold jewellery and thereby play an important role in the Financial Inclusion of the people of J&K,” he added.
MG George Muthoot further said that with the opening of these branches, the Group will play a vital role in employment generation in the Valley. “Since the Group firmly believes in employing the sons of the soil, local youth in the Valley will be offered employment opportunities in the branches. Further, the opening of these branches will enable self-employment, especially in the MSME sector like businesses in Shikaras, Shawls, Carpets, Tour Operations, etc, through its easy Gold Loans Schemes,” he elaborated.
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