J&K Bank is one of the greatest turnaround success stories of UT: LG Manoj Sinha
Lieutenant Governor Shri Manoj Sinha today addressed the J&K UT Foundation Day celebrations in Srinagar.
In his address, the Lt Governor congratulated and extended his felicitations to the people of Jammu Kashmir on the occasion. He extended his gratitude to every section of the society, Police, Security Forces, Administrative apparatus and all stakeholders for their contribution to J&K’s progress and working tirelessly for a secure and prosperous Union Territory.
“It is a reality that J&K is a UT today and members have taken oath and affirmed their true faith and allegiance to the Constitution. When it becomes a state, we will definitely celebrate statehood day. Hon’ble Prime Minister and Hon’ble Home Minister has assured that statehood will be given at an appropriate time,” the Lt Governor said.
Sharing J&K’s exceptional journey towards peace, progress and prosperity, the Lt Governor said the achievements of the past 5 years of transformation is a report card of the commitment of Hon’ble Prime Minister Shri Narendra Modi to the people of J&K.
“I am happy today J&K stands proudly on national stage- tall, self-reliant, and full of self-confidence. A strong foundation has been laid for speedy development in all the sectors. Under the leadership of Hon’ble Prime Minister, we have fulfilled the aspirations of the people,” the Lt Governor said.
On the occasion, the Lt Governor highlighted the progressive policies and reforms and the unprecedented growth registered across the sectors in J&K.
Our economic fundamentals are strong. Peace, stability, rule of law and time-tested democratic values make J&K UT an attractive investment destination. The confidence of investors in Jammu Kashmir is reflected in the highest ever inflows of investment in the past 4 years, he said. The Lt Governor also reiterated his commitment for the extension of the new industrial development scheme in J&K.
Speaking on the achievements registered in Banking sector, the Lt Governor highlighted that the J&K Bank is one of the greatest turnaround success stories of the UT.
In 2019-20, the bank has reported loss of Rs.1139 Cr. It reported a profit of Rs. 1700 Cr in the year 2023-24. In current FY, J&K Bank clocked Rs. 991 Cr in profit, he added.
On the occasion, the Lt Governor called upon the people to remain united, identify and isolate anti-national elements and those disrupting the peace.
The Lt Governor also spoke on the important role and contribution of Panchayati Raj Institutions, ULBs, and elected representatives in J&K’s development. He expressed hope that the Panchayati Raj elections would be held soon in J&K.
“My dream is to see that every family is prosperous. My dream is to see Faster development of the infrastructure, industries and fruits of growth reach the last person in the queue,” the Lt Governor said.
On the occasion, beneficiaries under different government schemes shared their success stories.
The event also featured impressive performances by the artists celebrating the rich cultural heritage of Jammu Kashmir.
Sh Gulam Ali Khatana, Member of Parliament; Sh B R Sharma, Election Commissioner J&K; Sh Atal Dulloo, Chief Secretary; Administrative Secretaries, senior officers of Security Forces, Civil and Police Administration, and prominent citizens from all walks of life were present.
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