As part of the Indian government’s Mission YUVA initiative, J&K Bank organized multiple “Login Day” events across Jammu and Kashmir, distributing sanction letters to over 350 aspiring entrepreneurs. The events, which took place in various districts, marked a significant milestone, with the bank having handed out over 5,000 sanction letters under the program. The initiative aims to promote youth-led entrepreneurship in the Union Territory, with the goal of creating 1.37 lakh enterprises and 4.25 lakh jobs over the next five years.
Senior officers from district administrations attended the events, praising the bank’s proactive approach and encouraging beneficiaries to pursue their ventures with innovation and dedication. The events were presided over by various dignitaries, including Deputy Commissioners, General Managers, and Zonal Heads. In total, 356 sanction letters were handed out to young entrepreneurs, enabling them to launch new ventures and contribute to the local economy.
J&K Bank has prioritized processing youth entrepreneurship cases under its Yuva Udaan campaign, launched on July 4 by MD & CEO Amitava Chatterjee. The bank’s staff is working in mission mode to achieve the government’s targets, with a focus on supporting young entrepreneurs and helping them transform their ideas into sustainable businesses. The Mission YUVA initiative was launched by Chief Minister Omar Abdullah on June 28, and J&K Bank is playing a key role in its implementation.
The distribution of sanction letters is a significant step towards achieving the goals of Mission YUVA, and J&K Bank’s efforts are expected to have a positive impact on the local economy. By supporting young entrepreneurs, the bank is helping to create jobs and stimulate economic growth in Jammu and Kashmir. The events organized by the bank demonstrate its commitment to the initiative and its dedication to helping young people achieve their entrepreneurial dreams. With over 5,000 sanction letters already distributed, J&K Bank is making significant progress towards achieving the targets set out under Mission YUVA.