The Bank today signed an agreement with J&K State Industrial Development Corporation (SIDCO) at its Corporate Headquarters here, according to which J&K UT’s premier financial institution will provide ‘Easy Collect’ portal to UT’s "Institutional Entrepreneur" for the collection of dues from its unit holders. The agreement was signed today in presence of bank’s Executive President Sunil Gupta, General Manager SIDCO Hakeem Mashood Ahmad, Special Secretary to CMD Karanjit Singh, Vice President Narjay Gupta besides Manager Central SIDCO Shabir Ahmad Bhat and various other officials.

Notably, ‘Easy Collect’ Utility, a user friendly interface, is a multi-modal payment portal- curated and maintained by J&K Bank-which will facilitate SIDCO to receive lease rentals, shop rentals, flat rentals etc. online from its unit holders. The payments to the SIDCO can be made through digital payment channels including the bank’s mPay.
Lauding J&K SIDCO’s role for creating industrial infrastructure in UT of J&K, Executive President reiterated that J&K Bank will always provide helping hand to industrial unit holders.
“Honourable Lt. Governor has given us a hope through new Industrial Policy. J&K Bank is systematically important bank in the region and SIDCO’s role is also important in making sure the benefits of the policy are provided to the industrial unit holders,” the Executive President said.
GM SIDCO appreciated the role of J&K Bank saying, ““J&K Bank has yet again proved that it is ready to go an extra mile to support industrial sector. J&K Bank’s portal provides one-click facility which means comfort and convenience to more than 2900 unit holders. They can pay their dues from anywhere and everywhere. I am thankful to J&K Bank and its management for the facility,” said Mashood.