Chief Minister Inaugurates New HPSCB Branch at Kaithu, Reaffirms Commitment to Cooperative Banking.
Shimla:
Chief Minister Sukhvinder Singh Sukhu on Wednesday inaugurated the newly established branch of the Himachal Pradesh State Cooperative Bank (HPSCB) at Kaithu in Shimla district, marking another important milestone in strengthening the cooperative banking network in the State. The inauguration underscores the State Government’s commitment to promoting financial inclusion and ensuring easy access to banking services for people from all sections of society.
Speaking on the occasion, the Chief Minister said that cooperative banks play a crucial role in the socio-economic development of Himachal Pradesh, particularly in empowering farmers, small traders, self-help groups and rural entrepreneurs. He reiterated the State Government’s firm commitment towards the growth and strengthening of cooperative institutions and emphasized that State Government deposits should be placed with the Himachal Pradesh State Cooperative Bank to further enhance its financial strength and long-term sustainability.
CM Sukhu appreciated the overall performance of HPSCB and lauded the bank for successfully adopting modern, technology-driven banking services while staying true to its core objective of serving the common people. He expressed confidence that the newly inaugurated Kaithu branch would effectively meet the financial needs of the local population and contribute significantly to regional economic development.
The Chief Minister also highlighted the bank’s role in implementing various State Government initiatives, including the e-taxi scheme, ensuring the timely and transparent delivery of financial benefits to beneficiaries.
On the occasion, the Himachal Pradesh State Cooperative Bank presented a cheque of Rs. 2 crore to the Chief Minister Relief Fund. Expressing his gratitude, the Chief Minister said that such generous contributions play a vital role in providing relief to people in distress and enable the State to respond effectively to natural calamities and other emergencies.
Managing Director of HPSCB, Shrawan Manta, highlighted the achievements of the bank and briefed the gathering on its recent progress. He stated that HPSCB has consistently strengthened its financial position, expanded its branch network and adopted digital banking solutions to enhance customer convenience and efficiency.
MLA Harish Janartha, Mayor MC Shimla Surinder Chauhan, Registrar Cooperative Societies D.C. Negi, Chairman of HPSCB Devender Shyam, along with other dignitaries and senior officials, were present on the occasion.
