A delegation of the Kashmir Chamber of Commerce & Industry |(Inc) headed by its President, Mr. Javid Ahmad Tenga had a detailed meeting with the Chairman J&K Bank today the 12th of December, 2017 to discuss the following important issues:-
1. The issue related to the non insured flood victims was also discussed in the meeting and 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.
2. On 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 wilful defaulters will not be spared.
3. 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.
4. 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.
5. General Trade issue were 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.(KNO)