Kashmir Chamber of Commerce and Industry

NO:KCC&I/PN/615                                     30TH MARCH, 2018

Srinagar: In the 39th Empowered Committee Meeting  to Monitor Flow of Credit to MSME Sector held on  27th of March, 2018 under the Chairmanship of Mr. A.K. Mattu, General Manager, FIDD, Reserve Bank of India, the President, Kashmir Chamber of Commerce & Industry Mr. Javid Ahmad Tenga laid stress on the following  points to decide upon:-

To ensure a consistent flow of credit to MSME Sector with timely and adequate lending;

Implementation of Credit Guaranteed Fund Scheme;

Rehabilitation of potentially viable Sick units;

The opening of MSME dedicated  branches by the respective Banks;

Financing of the artisans under the Dastkar Finance Scheme by all the Banks.

The Kashmir Chamber of Commerce & Industry  has appreciated that while the meeting was  unanimous to agree and approve the above-mentioned points, the Chairman assured that necessary action will be initiated immediately by the Banks, but in the case of financing the Artisans, he advised all the Banks to get the Dastkar Finance Scheme after getting the same adopted in the State Level Bankers Committee (SLBC).

It was appreciated in the meeting that as per the Reserve Bank of India directive, the decision taken in such empowered Committee meetings are mandatory  for all the banks to implement.

Sheikh Imran

Treasurer

                                    

THE KASHMIR CHAMBER OF COMMERCE AND INDUSTRY (INC)

2ND FLOOR, MOHIDIN TRUST BUILDING,

RESIDENCY ROAD,

SRINAGAR-KASHMIR-190001

TEL: 0194-2455446/2482176

FAX : 0194: 2452517

E-MAIL : thekashmirchamber@gmail.com

Website : www.thekcci.com