SRINAGAR, JUNE 8: Lieutenant Governor Manoj Sinah today rolled out ‘Accidental Insurance Scheme’ for employees of the J&K Government. Under the scheme, Jammu & Kashmir Bank will extend free group personal insurance cover of Rs 15 lakh to all the employees.
The Lt Governor also launched J&K Bank’s ‘Phone Pe Loan’ facility for the government employees.
The Lt Governor said that people-centric initiatives such as ‘Phone Pe Loan’ & ‘Accidental Insurance Cover’ will ensure hassle-free credit flow and social security net for employees.
J&K Bank, with a strong & diversified banking system and serving all sectors of the economy, is reaching out to all sections of society for financial inclusion & delivering financial services to the last man in queue, the Lt Governor observed.
The Lt Governor directed the bank to enhance the insurance amount from Rs.15 Lakh to Rs.25 Lakh from the next financial year.
Highlighting several steps being taken to end the non-transparent credit culture and to bridge the gap in credit availability, the Lt Governor said that the UT government is making dedicated efforts to strengthen the credit flow system.
