Excelsior Correspondent
SRINAGAR, Apr 11: Forging partnership with Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) to accelerate growth of manufacturing enterprises, J&K Bank today signed a Memorandum of Understanding (MoU) with the country’s apex chamber of MSMEs that represents their interests and issues with the Government and various regulators while being active participant in MSME related policy making.
General Manager (Corporate Banking/MSME/Agriculture) Ashutosh Sareen signed the MoU on behalf of the Bank, while as President Mukesh Mohan Gupta put in his signatures representing CIMSME in presence of MD and CEO Baldev Prakash, Executive Director Sudhir Gupta, General Manager Narjay Gupta, Director (CIMSME) Subhash Joinwal, DGMs and other senior Bank officials. Bank’s Divisional Heads also joined the function through VC Mode.
Speaking on the occasion, Baldev Prakash said, “We need to translate this MoU into solid business growth especially in the rest of India because this is the sector which complements the large industries in the form of subsidiary units that are vital to the entire eco-system.” He ssid J&K Bank has always been on the forefront of creating employment opportunities and we have robust numbers to back our commitment towards encouraging the MSME growth in the country.
President CIMSME said, “Having J&K Bank on board is great boost for us that will eventually help MSME Sector a great deal.” Citing the lack of awareness about various MSME schemes and processes to avail the facilities, he stressed upon the need to educate lenders particularly at operational levels and borrowers of this sector. He further added, “We will soon be coming up with a web portal for ease of both MSME lenders and borrowers.”
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