J&K Bank announces to adopt Saddal village

By
Daily Excelsior
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Excelsior Correspondent
SRINAGAR, Oct 13: J&K Bank has announced to adopt Saddal village, a remote area falling in block Panchari of district Udhampur.
The bank is rolling out financial inclusion programme and making innovative interventions for generating livelihood opportunities in the Saddal village. The basic aim of the initiative is to pull the villagers out of the economic backwardness. In this connection, the bank has announced opening of its Ultra Small Branch in the village.
Notably, Saddal village was completely washed away in 2014 floods causing massive damage to life and property of the inhabitants. Union Minister of State PMO, Dr Jitendra Singh, directed to roll out developmental programmes including the financial inclusion programme in the area as he has been directly supervising the process of reconstruction and rehabilitation of the village.
The Ultra Small Branch will offer modern banking facilities like deposit, withdrawal, fund transfer, loan repayments, balance inquiry and collection of account opening forms to the residents of the village and also undertake periodic Financial Literacy Campaigns to promote healthy credit culture.
The bank aims to undertake multiple level interventions along with the District Administration and other agencies to enhance the financial profile and boost livelihood of the village. Bank in collaboration with Indian Institute of Integrated Medicine, Jammu is exploring the potential of the area towards cultivation of aromatic and medicinal plants which can enhance chances of income generation of households and improve the economic profile of the village.
The Bank will also extend support under CSR to the village by adoption of a Government School located in the area and introduce Smart Class Program for the promotion of education of girls. The Bank has requested the State Administration to provide para-veterinary facilities for animals as domestication of cattle is one of the major income generation activities of the village.

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