KCCI calls for extending JK Bank Settlement Scheme by 6 months

Srinagar: The Kashmir Chamber of Commerce & Industry have asked the J&K Bank Authorities to not to make their Special One Time Settlement Scheme 2021 time bound and extend the repayment time of six months as the Covid restrictions started all over India that effects the business community directly.
KCCI President, Sheikh Ashiq Ahmad stated that the Business Community of Kashmir was undergoing a period of unprecedented stress and turbulence and heading towards financial instability. The Special One Time Settlement Scheme 2021 announced by Baldev Prakash, Managing Director/CEO, The Jammu and Kashmir Bank Ltd declared on 10th of January, 2022 was a ray of hope for the Business Community. While appreciating the efforts put in by Baldev Prakash for the said Special Scheme.
However at the same time as mentioned the scheme is valid for 30 working days for which the sanction or otherwise will be conveyed within seven working days of the receipt of application with a maximum repayment period of six months.
President, KCC&I, appeals the Business Community to avail this Special One Time Settlement Scheme to settle their accounts and avail this opportunity to get benefitted.


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