Jammu and Kashmir Financial institution, Srinagar. file. |Picture courtesy of Nisar Ahmad
J&Ok Financial institution received the distinguished “Finest MSME Financial institution – Winner” award on the Ministry of Micro, Small and Medium Enterprises (MSME) Banking Excellence Awards 2025 held in New Delhi.
Commerce and Business Minister Piyush Goyal offered the award at a ceremony held in New Delhi.
“We’re extraordinarily honored to have been acknowledged nationally for our efforts within the MSME sector and our CSR efforts. We want to specific our honest gratitude to the organizers and the distinguished jury for this recognition. We’d additionally like to position on document our gratitude to the MSME crew and CSR personnel, whose devoted efforts and environment friendly subject operations contributed to reaching these milestones,” mentioned Amitava Chatterjee, Managing Director and CEO.
A J&Ok Financial institution spokesperson mentioned Sunit Kumar, Chief Common Supervisor – Enterprise Improvement, and Khurshid Muzaffar, Common Supervisor and Head of Division, obtained the award.
The financial institution additionally secured second place within the ‘CSR initiatives and company duty’ class, the spokesperson mentioned.
“The MSME Banking Excellence Awards acknowledge banks for exemplary efficiency and finest practices in selling MSMEs, company social duty and sustainable enterprise fashions,” the spokesperson mentioned.
Mr. Chatterjee mentioned that financing MSMEs is a strategic precedence for the corporate, in step with nationwide improvement targets and regulators’ expectations. “At current, we’re completely implementing the UT authorities’s flagship mission YUVA programme. This system goals to create 137,000 enterprises within the subsequent 5 years, leading to employment alternatives for 4.25 lakh youth,” he mentioned.
Chatterjee mentioned the financial institution stays dedicated to supporting entrepreneurs via personalized monetary options, simplified processes, digital interventions and continued handholding, particularly in core areas, whereas steadily increasing its MSME portfolio throughout the nation.
On Company Social Duty, Mr. Chatterjee mentioned, “The Financial institution’s efforts are intently aligned with nationwide improvement priorities targeted on training, well being care, environmental sustainability, expertise improvement, and livelihood creation, thereby guaranteeing that the Financial institution’s development can be mirrored in significant social influence for the folks it serves.”
