KCCI delegation calls on J&K Bank chairman

According to a spokesperson of KCCI, the issue related to the non-insured flood victims was discussed in the meeting and the chairman assured that the matter will be taken up with the concerned quarters to work out possibilities for help.

GKNN
Srinagar, Publish Date: Dec 13 2017 11:41PM | Updated Date: Dec 13 2017 11:41PM
KCCI delegation calls on J&K Bank chairmanRepresentational Pic

A delegation of the Kashmir Chamber of Commerce and Industry (KCCI) headed by its president, Javid Ahmad Tenga had a detailed meeting with the chairman J&K Bank, Parvez Ahmed to discuss issues related to business and trade in Kashmir.

According to a spokesperson of KCCI, the issue related to the non-insured flood victims was discussed in the meeting and the chairman assured that the matter will be taken up with the concerned quarters to work out possibilities for help. “On the issue of debt recovery the chairman assured that a lenient view for deferred action in genuine cases will be taken but at the same time the willful defaulters will not be spared,” the spokesperson said.

With regard to Dastkaar Finance Scheme the KCCI delegation pleaded that the scheme be revisited and the cap of finance available be enhanced. The chairman assured that necessary amendments will be done in the scheme to benefit the lowest class of artisans.

“The delegation also discussed the condition of tourism trade with the chairman and suggested that the J&K Bank could utilize the service of nearly 300 hundred branches outside the state to help to promote the tourism trade by way of establishing a special facilitation counter for tourists,” the spokesperson said.  General Trade issue were also taken up which is most affected. Chamber stressed to finance against inventory with lower rate of interest. It was also discussed to finance on revolving LC basis so that no mortgage is required against the finance.

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