Srinagar: J&K bank has bagged four State Level Micro financing awards 2015-16 for its performances under promotion and financing of Self Help Groups (SHGs) and Joint Liability Groups (JLGs) in the Jammu and Kashmir State.
The bank’s Executive President S S Sehgal received the awards on behalf of the bank from the GoI Minister of State (Independent Charge), MoS PM’s Office Dr Jitendra Singh during State-level Micro Finance Awards 2015-16 ceremony organized by National Bank for Agriculture & Rural Development (NABARD) for awarding different stakeholders for their performances in promotion and financing of SHGs and JLGs in Jammu.
In recognition of its comprehensive efforts to promote and finance Self Help Groups (SHGs), the Bank was ranked 1st among all the commercial banks and Regional Rural Banks operating in the state, while as in the category of financing Joint Liability Groups (JLGS), the bank secured 3rd position.
While as in SHG financing, Raithan business unit (branch) of the bank in Budgam was declared winner among all of the J&K Bank branches, while as the Doda (Main) branch topped the list of the bank branches in JLG financing.
The event was attended by advisor to Governor (J&K) Khurshid Ahmad Ganai, Regional Director (RBI) D Sethy, CGM NABARD Shankar A Panday, Commissioner/Secretary M A Bukhari, heads of various departments of state government, heads of leading banks in the state and members of various SHGs.