Jammu & Kashmir Bank (J&K Bank) has co-hosted a one-day seminar-cum-workshop on Credit Guarantee Fund Scheme with J&K Industries and Commerce Department and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). The purpose of conducting the seminar was to bring various stake-holders in the scheme face-to-face with people from industry and deliberate upon the features and benefits that the scheme holds for betterment of industry in general and entrepreneurs in particular. The main focus of the scheme has been to reach to every nook and corner of the state and help out the MSE sector.
Jammu & Kashmir Bank is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. JKB holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.
