Union Bank of India has disbursed a total of Rs 78 crore as loan under various schemes in financial year 2018-19 to meet its two purposes – one, to provide self employment to the people of the State and another to develop micro, small and medium enterprises.
Speaking on the occasion of customer meet programme organized by the bank in the State capital on Wednesday Executive Director, DK Garg said that bank has given crores of rupees as loan to the people of the State to provide self employment under schemes like Mudra loan.
“The individuals and women are the largest beneficiaries of the schemes and mostly women by forming SHG’s are getting loan for self employment and numbers of individual women are also getting loan for Light Commercial Vehicles,” he added.
While addressing the gathering Garg said that it is necessary to add people with the banks and provide them loan according to their requirements and capability because it is duty of banks to increase self employment of the people by providing easier loan.
While appealing to the staffs of the banks Garg said that the banking services is going through a changing time and in this time we have to keep ourselves ready to face any kinds of changing situation. We have to work with diligence and dedication and also we have to give our best at our work, he added.
During his two day visit to the State the Executive Director inaugurated cashless campus at Ranch situated Nilay University. On the occasion a large numbers of loan applicants received loan acceptance certificates by the Executive Director.
While speaking on the occasion General Manager, Financial Inclusion, PC Panigrahi informed about the Government of India’s ongoing ambitious welfare programmes such as Pradhan Mantri Jandhan Yojna and social security schemes such as Pradhan Mantri Jivan Jyoti Bima Yojna, Pradhan Mantri Suraksha Bima Yojna and Atal Penson Yojna.
On the occasion Regional Chief of the bank, Vipin Singh, Deputy Circle Chief RP Mishra were also present.