Chief Minister Abdullah assessed the current status and performance of the Cooperative banks. He recognized the improved financial performance of the Jammu and Anantnag District Central Cooperative Banks, noting their operational profitability. However, he urged other loss-making Cooperative banks to develop a recovery roadmap for government review and intervention.
The discussion also covered crucial initiatives like the ongoing PACS Computerization Project and the establishment of new M-PACS. Both projects aim to bolster grassroots-level credit delivery and financial inclusion.
Chief Minister Abdullah stressed the importance of sustained reforms to ensure institutional resilience, financial stability, and rural empowerment throughout Jammu and Kashmir.
Earlier in the meeting, Commissioner Secretary Cooperatives Babila Rakwal provided a detailed presentation on the functioning and progress of Cooperative Banks in the region.
