Apex Bank has to recover Rs47 cr from different private entities, said newly appointed chairman of Apex Bank, Ashok Bajaj while addressing a Press conference here on Out of this Rs47 cr, Rs26 cr was given to Raigarh Cooperative Bank which had closed in 2005, he added. Detailing new plans for the Bank he said Apex Bank will be providing insurance cover on very low rates to 50,000 people in one month.
We have decide that under the ‘Pradhan Mantri Jeevan Jyoti Bima Yojna’ (PMJJBY) and ‘Pradhan Mantri Suraksha Bima Yojna’ (PMSBY) through different cooperative banks in Chhattisgarh we would provide insurance cover to about 50,000 people in one month, he informed.
According to Bajaj under the PMJJBY any person between 18 and 50 years of age by paying premium of Rs320 per annum can get cover of Rs2 lakhs. Similarly under the PMSBY people of age group 18 to 70 years can get insurance cover of Rs2 lakh by paying Rs12 only.
“We are planning to expand cooperative baking services and for this purpose proposal for setting up of an integrated Apex Bank building in Naya Raipur has been sent to the State Government,” he said adding about one acer of land has already been allocated by Naya Raipur Development Authority (NRDA) in Naya Raipur this purpose.
According to the Chairman presently there are five branches of Apex Bank in State and five new branches would soon come up. Very soon Apex Bank and district cooperative banks would provide ATM service, he informed. To the query over disputed appointment made in Apex Bank, he refused to comment reasoning that matter was sub judice.