KCCI delegation disuses issues with JK Bank Chairman

KCCI delegation disuses issues with JK Bank Chairman

SRINAGAR: Kashmir Chamber of Commerce & Industry delegation led by its President, Javid Ahmad Tenga on Tuesday had a detailed meeting with the Chairman J&K Bank to discuss several important issues.
According to statement issued here its aid that the delegation discussed the issue related to the non insured flood victims in the meeting with the Chairman expressed sympathy towards the victims and assured that the matter will be taken up with the concerned quarters to work out possibilities for help.
About 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.
With regard to Dastkaar Finance Scheme the KCC&I 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.
It was explained in the meeting that such facilitation will help make awareness through out the country and attract good number of tourist to the valley. It was also suggested that the tourist could be offered EMI facility on tour packages by the J&K Bank. The Chairman assured that the suggestion could be considered in due course of time and assured that the Bank will participate in the Road Shows and other FAM tours wherever possible outside the state.
The issue of faced by General Trade was also taken up which is most effected. 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.