APSCAB launches PoS machine

Dhawan asks Apex Bank to take lead in cashless transaction

NAHARLAGUN, Mar 29: Capital Complex Deputy Commissioner Prince Dhawan launched the point of sale (PoS) machine of the Arunachal Pradesh State Cooperative Apex Bank (APSCAB) at the bank’s women branch office here on Thursday.
In his address, Dhawan said the Apex Bank should take the lead in issuing PoS machines among the traders of the capital complex for successful implementation of cashless initiatives of the state government. He gave assurance that the district administration would encourage traders to opt for cashless transactions by announcing incentives such as relief in monthly garbage collection charges, prompt issue and renewal of trading licences, etc.
He said he would assist the bank in effective recovery of bank loans pending under his jurisdiction. He also informed that from now onwards the holders of power of attorney will not be able to avail bank loans but can receive loans in favour of the owner of the licencee/firm.
Giving a brief history of the Apex Bank, its Managing Director T Thongdok informed that the bank provides KCC, DDU and Bunkar Yozana, besides implementing all government sponsored schemes.
He said the bank is also live on NACH and is DBT-enabled, and therefore its customers can now receive subsidy on cooking gas and food, besides old age pension, student stipend, etc. “ATM card is also being issued for PMJDY account holders,” he said.
He said the bank is planning to disburse loans for setting up diary farms under the cooperative sector to meet the demand for milk in the capital complex.
Joint RCS RD Thongon said the addition of the PoS machine to the bank’s services would improve cashless transaction and simplify the work of the bank.
Acknowledging bank’s outreach in remote areas, he suggested pursuing the process of loan recovery in a time-bound manner.
Bank Administrator Habung Lampung informed that he has set some targets to its branch managers in different parameters, with special focus on recovery and deposits.
“The Apex Bank is providing banking services to the remotest places where other banks hardly reach out, and the bank’s motto itself is to carry out the government’s vision,” he said.
Capital Complex SP Capital Sagar Singh Kalsi requested the bank to keep strict vigil on the security scenario in and around the bank’s premises. He suggested installing CCTV cameras for the safety and security of the bank.
PoS machines were issued to NP Enterprises, Naharlagun; Jenier Weaver Coop Societies, Naharlagun; Namlojs Agrovet Pvt Ltd, Naharlagun; and Shantanu Enterprises, Daporijo during the programme. (DIPRO)