Jammu and Kashmir Grameen Bank, established on 01st May 2025 through amalgamation of J&K Grameen Bank and Ellaquai Dehati Bank with its Head Office at NARWAL, Jammu, vide Government of India gazette notification CG-DL-E-07042025-262329 dated 07 April 2025. Bank is having share holding of 50% by Govt. of India, 35% from the Sponsor Bank (J&K Bank) & 15% from Govt. of J&K (Union Territory).
Bank was established primarily to strengthen availability of basic banking facilities in the remote rural areas, mobilize savings from rural masses especially of unbanked areas and to provide credit facilities for carrying out all economic activities for pushing growth in the rural economy ultimately leading to prosperity.
The operational area of the Bank covers twenty two (22) Districts, i.e. 20 Districts in the Union Territory (UT) of Jammu & Kashmir and 2 Districts in the UT of Ladakh.