Over 3.65 lakh J&K accounts benefited under business revival package
Over 3.65 lakh accounts in the Indian union territory of Jammu and Kashmir (J&K) have benefited from the first tranche of relief released by the government under its ‘Business Revival Package’ for eligible businesses affected by the ongoing covid-19 pandemic and the restructured accounts of 2014-floods and 2016-disruption.In a statement, the J&K bank said, “As the leading bank, J&K Bank alone has received Rs 222 crores out of the Rs 250 crores released by the government in its first tranche so far out of Rs 950 crores sanctioned for the banking sector. The bank has already passed the amount of Rs 222 crores as relief to 2.61 lakh eligible beneficiary accounts. Meanwhile, other banks operating in the region have released over Rs 27 crore to 1.04 lakh beneficiary accounts.”The J&...
