J&K Bank chairman inaugurates mega credit awareness camp at Jammu


Jammu and Kashmir Bank Chairman, Parvez Ahmed, inaugurated a mega credit awareness camp today at the premises of Bari Brahmana Industrial Association. The camp inaugurated in presence of R K Chhibber, Chairman Grameen Bank; Lalit Mahajan, President BBIA; Senior officers of various Banks; representatives of SIDBI, EDI, KVIB and members of the Bari Brahmana Industrial Association, was organized by J&K Bank, Convener State Level Bankers Committee (SLBC) in collaboration with other Banks operating in the J&K state. Notably, J&K Bank chairman is the Convenor of JKSLBC.

The spokesman said that the camp attracted huge response and witnessed a huge turnout of businessmen and emerging start-up owners, aspiring entrepreneurs and MBA students.

The spokesman said while interacting on the sidelines of the mega camp, Chairman and CEO, JK Bank Parvez Ahmed said, “The rationale to conduct this awareness camp by all banks is to offer maximum support and handholding to the budding entrepreneurs at the inception phases and to sensitize them of the customized offerings besides the willingness each and every bank is showing to promote entrepreneurship in J&K state. The aim is to completely allay any misconception in the minds of youngsters who intend to foray into business ventures that credit availability is a hassle or impediment in realizing their dreams.”

“Now is the most conducive time for anyone willing and dedicated to realizing an idea into business manifestation as Central and State Governments including all Financial Institutions have unanimously recognized Entrepreneurship as a national mission and are actively promoting business and manufacturing avenues at all levels. This is one bright spot in time where policy, finance and intent all are being aligned in favour of zealous men and women ready to become job creators rather than job seekers,” added Parvez Ahmed.

“Jammu offers huge potential owing to its location and close road proximity to the rest of the country and therefore, Bari Brahmana was an ideal place to start this awareness drive. Through the Industrial Growth Centre presence here and at Samba, the area is already attracting talent from the entire country to augment industrial growth opportunities. We urge the business community and industrialists of J&K to scale this drive further and mentor at least one start-up,” asserted the Chairman further.

The Chairman and other dignitaries showed a keen interest in the offerings of various banks for promoting the MSME sector in J&K. A number of sanction letters to various beneficiaries of different Banks were handed over by the Chairman JK Bank on the spot during the Mega credit cum awareness camp for entrepreneurs. The most significant was sanction issued to a budding entrepreneur Varun Bakshi, sole proprietor M/S NKS Industries, Samba, to set up a unit in the Small Scale Sector for the manufacture of Welding Electrodes at Industrial Growth Centre Samba. Notably, the loan of Rs 1.46 Cr sanctioned by JK bank in favour of the entrepreneur is without any collateral security under the CGTMSE cover.

Later Parvez Ahmed had an interaction with the management students of Central University who had thronged the Camp venue at Bari Brahmana along with Jaya Bhasin, Head of Placement Cell of Central University and other professors of MBA department for orientation of the students in Entrepreneurship. The Chairman advised the MBA students to dream big and tap new business ideas for wealth creation in the society besides creating jobs for the people.  The Banks he apprised are offering various products for Start-Ups in different sectors wherein the finance is easily available under the Credit Guarantee Trust for Micro and Small Enterprise with minimum documentation and without collateral security.

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