Minister for R&B, Gardens, Parks and Floriculture Syed Mohammad Altaf Bukhari inaugurated maiden branch of Muthoot Finance at Rajbagh here Thursday.
Chairman and other senior functionaries of the Group besides a good number of political leaders and the locals were present on the occasion.
Speaking on the occasion, the Minister appreciated the initiative of the Finance Company and urged for opening more such branches in the Valley. Assuring full support from the Government in establishing more branches, the Minister said such an initiative will not only generate employment for educated youth but will empower people who need money for varied economic activities.
“The people of the Valley are most industrious and honest,” the Minister said and added that the company will not face any problem in hiring trusted people for manning its units in Kashmir. “There is dearth of resources but not dearth of talent”, he said adding the people engaged by the Company will exhibit highest degree of dedication and honesty while working with the business units of the Company.
Hailing the courage of the people Kashmir exhibited by them during and after last years’ floods, Altaf Bukhari said that Kashmiris have shown the resilience to survive the worst situations during the past three decades.Click Here To Follow Our WhatsApp ChannelHe said the long spell of turmoil has devastated the economy of the Valley but appreciated the people who did not lose courage and sustained in such harsh circumstances. He said Centre did not extend flood relief package so far to the State, adding the State is optimistic of getting it.
Earlier, the Chairman, M G George Muthoot while highlighting the programmes of the Group said that it will assist people and Government in rebuilding flood damaged infrastructure in the Valley. He said Muthoot is running diversified business in finance, education, health and hospitality sectors.
George said Muthoot group has 4500 branches in and outside the country with 35000 employees working in the Group. He said the motive is to empower people and extend hassle free lending facilities to the people of the Valley. He said the group is now concentrating on charity to help needs and destitute people. (KNS)