NE BUSINESS BUREAU
GANDHINAGAR, DEC 23
Gujarat Chief Minister Vijay Rupani on Monday digitally inaugurated 15 bank branches of Jana Small Finance Bank that is dedicated to financial inclusion and is serving the underbanked customers of Gujarat. With this self-employed people will be able to contribute to realizing the dream goal set by our Prime Minister Narendra Modi of making India a five trillion-dollar economy by getting a loan from such banks, the Chief Minister said.
CM Shri @vijayrupanibjp inaugurated 15 branches of Jana Small Finance Bank in the State through video conferencing from Gandhinagar and stated that ‘Big Banks of Small People’ lending finances to the ordinary people without income proof, mortgage, GST No. is the need of the hour. pic.twitter.com/EigUMov7cM
— CMO Gujarat (@CMOGuj) December 21, 2020
Rupani said, “Jana Small Finance bank is ‘Big Bank’ for small (underprivileged & underbanked) people and it provides banking facilities to such people who have no formal income documents like ITR and GST. Financially enabling this segment of citizens is a very important ingredient to Hon’ble Prime Minister Shri Narendra Modi’s vision of ‘Atma Nirbhar Bharat’ and India becoming a $5 Tn economy. I assure full support from the state Government to the bank in its endeavours of financial inclusion.”
He also highlighted the importance of the relationship that branch managers/staff of Jana Bank have with the segment of underbanked customers.
In this regard, CM expressed his expectation of the bank’s cooperation in providing financial assistance to women’s groups under the Mukhyamantri Mahila Utkarsh Yojana.
Rupani further added that 2.5 lakh people of the state have got the credit of Rs. 2500 crore under Atmanirbhar Gujarat Yojana. Applicants have got loans of Rs. 1 lakh at 2% interest and Rs. 2.5 lakh at 4% interest. The state government has given a 6% and 4% interest subsidy, respectively.
In this context, CM further added that the state’s co-operative banks have also come out as big banks of such small business owners and have provided loans to the people. Jana Small Finance Bank will prove to be the bank of such small people.
The CM congratulated and wished the officials of Jan Small Finance Bank on behalf of the people of the state.
Speaking on the announcement, Ajay Kanwal, MD & CEO, Jana Small Finance Bank said, “It is the immense passion of our bankers and the customer confidence invested in us that has allowed us to open new branches even during the COVID times. All our new branches across Gujarat have digitised environment with best in class offerings”.
The bank has been successfully serving the financial inclusion segment for over 20 years and now focusing on an expanded product range after converting to a scheduled commercial bank.
With the inauguration of its asset centers to bank branches, Jana Bank’s presence in Gujarat will reach 63 and 600 all India. Gujarat is among the top 3 states of the 22 states where the bank has a presence. Staying true to their promise of “paise ki kadar”, Jana Bank values the hard-earned money of its customers and is all set to increase its footprint across rural India.
Jana Small Finance Bank started its journey in Gujarat in 2012 and has served over 10 lakh customers in the state who are mainly women. The bank offers unsecured loans to women under the group loan model as well as individual loans for small businesses. The average loan size for the group loan model is Rs.39,000 and the individual loan for small businesses Rs.60,000. The bank also offers Agriculture Loan, MSME loans, Gold Loan, Affordable Home Loan & Home Improvement Loan. With the conversion of asset centers into bank branches, our customers will now be able to avail of banking products like Savings Account, Current Account, Fixed Deposits, Recurring Deposits, OD Account.
