Jammu and Kashmir Bank has been awarded by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) for its outstanding performance in securing the highest number of guarantees under the CGTMSE scheme during the fiscal year 2024-25. The award was presented in the category of North Eastern Region, Jammu Kashmir, and Ladakh, and was conferred during CGTMSE’s Silver Jubilee celebrations in Mumbai.
The award recognizes the bank’s commitment to financial inclusion and entrepreneurial growth, and its efforts to support micro, small, and medium enterprises (MSMEs) across the country. The bank’s General Manager, Tariq Ali, along with other officials, received the award from senior executives of SIDBI and CGTMSE.
The bank’s Managing Director and CEO, Amitava Chatterjee, expressed his appreciation for the recognition and commended the efforts of all bank officials involved in achieving this milestone. He stated that the award strengthens the bank’s resolve to expand its support for MSMEs and deepen its credit outreach, empowering entrepreneurs and contributing to the country’s MSME growth journey.
The award is a testament to the bank’s institutional focus on inclusive growth and its strong alignment with the country’s vision of enabling small businesses and supporting sustainable livelihoods. The bank has been instrumental in providing timely and collateral-free credit delivery to MSMEs, and this award recognizes its efforts in this regard.
The CGTMSE scheme is designed to provide credit guarantees to MSMEs, and Jammu and Kashmir Bank has been at the forefront of implementing this scheme. The bank’s commitment to financial inclusion and entrepreneurial growth has been recognized by the CGTMSE, and this award is a reflection of its dedication to supporting the growth of small businesses in the country.
Overall, the award is a significant achievement for Jammu and Kashmir Bank, and it reinforces the bank’s position as a leading institution in the country’s financial sector. The bank’s efforts to support MSMEs and promote financial inclusion have been recognized, and it is likely to continue playing a key role in the country’s economic growth and development.