Excelsior Correspondent
SRINAGAR, Sept 2: The Kashmir Chamber of Commerce and Industry (KCCI) here today called on the top management of J&K Bank and discussed the progress on announcement of revival package for the tourism and allied sectors which have suffered severe setbacks in the aftermath of the recent Pahalgam attack.
The delegation comprised KCCI president, Javid Ahmad Tenga and senior vice president, Ashiq Hussain Shangloo. From J&K Bank, the meeting was attended by Sudhir Gupta, Executive Director; Shabir Ahmad, Head IAPM and Rajesh Tikoo, Credit Head.
During discussions, the KCCI leaders highlighted the financial distress being faced by hoteliers, houseboat owners, transporters, traders, artisans and other stakeholders connected with tourism.
The Chamber impressed upon the Bank about the urgent need of immediately rolling out of a comprehensive revival and rehabilitation package to address the specific needs of these sectors.
The delegation also demanded the announcement of one-time settlement scheme to provide relief to stressed borrowers and enable them to rebuild their businesses.
Responding to the concerns, the J&K Bank management assured KCCI delegation that the matter was receiving top priority. They conveyed that a suitable revival package is being worked out and will be announced within next week.
KCCI appreciated the positive response of J&K Bank and expressed hope that the proposed measures would bring much-needed respite to thousands of families dependent on the tourism economy of J&K.
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