KCCI for clearing pending payments of industries at earliest

Srinagar: The Kashmir Chamber of Commerce & Industry (Inc) led by Farooq Amin , Secretary General held a meeting of the Micro Small Enterprises Facilitation Council (MSEFC), Kashmir under the Chairmanship of Director, Industries & Commerce Kashmir in the conference Hall of J&K SICOP, Srinagar.
Secretary General expressed its concern over the long overdue payments from almost the last 4 years and insisted on clearing the dues as most of them turned NPA’s because of strict bank policies . The Secretary General at the same time urged the Director industries to take up the issue with the higher authorities of all those departments who have withheld the payments of these entrepreneurs so that our industrialists don’t suffer any more.
He also said that all these long overdue payments must be compensated with interest incurred during the period that will enable these entrepreneurs to run their businesses smoothly again. He insisted that if the situation remains same then no young Entrepreneurs can get encouraged to start their fresh business in J&K .
Secretary General also urged Manoj Sinha LG and Chief Secretary Shri Arun Kumar Mehta to look into the matter and resolve this pending payment issue of crores of these small entrepreneurs of our UT and save them from humiliation and mental agony.


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