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On 09 Jun 08 ...

Township to come up in Jayankondam

A. Raja, Union Minister for Communications and Information Technology, launching Indian Bank branch at Jayamkondam on Sunday.

JAYANKONDAM,09Jun08 : A township similar to that of Neyveli Lignite Corporation will take shape in Jayankondam where the foundation for Lignite Power Project to be developed by the NLC and the State Government would be laid next year, the Union Minister for Communications and IT A. Raja assured on Sunday.

Implementation of the Jayankondam Lignite Power Project was vital to usher in a phenomenal economic transformation in Jayankondam and Andimadam areas where a majority of the illiterate population comprise poor farmers and weavers, he said, delivering his keynote address after commissioning the Indian Bank’s 1547th branch at Jayankondam. He saw in the launch of operation of nationalised banks in the backward town a sound augury for future development, and informed that the progress of the preparations for the project would be reviewed at Chennai next week.

Mr. Raja reiterated that the Government would accept to pay whatever compensation was decided upon by the courts formed specifically to consider the representations of the section of aggrieved public over land acquisition. The NLC and the State Government were prepared to provide new homes and suitable jobs for those who would have to part with their dwellings in the acquisition process.

The Minister exuded confidence that Indian Bank’s branch at Jayankondam would accord priority for disbursing educational loans. He handed over copies of a handbook in Tamil on ‘Simplified Banking Procedures’ to the Bank’s Chairman and Managing Director M.S. Sundara Rajan and the District Collector R. Sudalaikannan. Mr. Raja also disbursed bank loans amounting to Rs. 55 lakh.

In his presidential address, Mr. Sundara Rajan said the bank was in the forefront in implementing government schemes, and impressed upon the public that opening a bank account was as important as obtaining ration cards.

He assured that the bank would undertake financial counselling to enhance the quality of life of the people and guide them through the process of rising up from Below Poverty Line status.

The Collector said it had become imperative for beneficiaries of National Rural Employment Guarantee Project to have own bank accounts. It was possible now for people to start bank accounts with nil balance, he said. G. Charath Chandran, Director, Indian Bank, and R. Ravi, Deputy General Manager and Circle Head, Indian Bank Circle Office, Tiruchi, spoke . --- Form Hindu on 2008/06/09

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