Kochi: The Kerala State Co-operative Bank (Kerala Bank) has received an award from the Kerala Industries Department in recognition of sanctioning the highest number of loans to entrepreneurs establishing businesses in the food processing sector.
The award was received on behalf of the bank by Director T.C. Shibu and Chief Executive Officer Jorty M. Chacko during the inauguration of the PMFME FoodTech Fair at Kaloor, Kochi.
Kochi Mayor V.K. Minimol presented the award at the inaugural ceremony. Agriculture Department Additional Secretary Minhaj Alam, IAS, and Councillor Deepti Mary Varghese were among the dignitaries present.
The recognition highlights Kerala Bank’s role in extending institutional credit to entrepreneurs entering the food processing industry. Access to finance is an important factor in establishing and expanding food processing enterprises, supporting business development and creating opportunities across the sector.
The award also underscores the contribution of cooperative banking institutions in promoting entrepreneurship and supporting the growth of Kerala’s food processing industry through financial assistance.