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.
THE KASHMIR CHAMBER OF COMMERCE AND INDUSTRY (INC)
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