Excelsior Correspondent
SRINAGAR, Dec 26: J&K Bank is coming up with comprehensive scheme for start-ups financing.
Chairman and CEO J&K Bank Parvez Ahmed said this today to the delegation of Federation Chamber of Industries Kashmir (FCIK), which was led by its President Er Mukhtar Yousuf here at corporate headquarters. The bank’s Senior President S K Bhat and Vice President Manzoor Hussain were also present in the meeting.
Deriving its key strengths from the business in the state, J&K Bank lends its complete support to all the segments of economy that includes micro, small and medium enterprises. With businesses being one of the most vibrant elements of the state economy, we see their growth and development as part of our progress and success in the longer run.
“The bank is working closely with societies across the state for we believe that healthy appraisal of institution requires feedback on short-comings as much as receiving appreciation for service and commitment”, he added.
President FCIK sought clarifications on certain points and requested for further relief in interest rates. Other issues that came up during the meeting included setting up of specialised MSME branches or counters, rehabilitation of sick industrial units, commissioning of ATMs near few industrial estates besides effective implementation of CGTMSE.
Chairman responded to all the issues in detail. He directed the concerned to take all the suggestions put forward by the delegation and come up with action points for implementation and follow up.
“Bringing more efficiency into the system, the bank shall soon be providing customised service not only for MSME but all other sectors of the economy. In pursuit of this, proper rationalisation of staff is being done so that right persons are put at right places”, Parvez Ahmed added.
While agreeing to contribute towards Entrepreneur Development Club set up by the visiting trade body for counselling start-ups, he said that the bank is soon coming up with a comprehensive scheme for start-up financing.
However, he unequivocally told the visitors that the bank has already extended concessions and relief possible within the regulatory framework.
On the request for ATMs, Chairman passed on the directions for immediate action in this regard.
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