Excelsior Correspondent
JAMMU, Nov 10: The 68th meeting of the Empowered Committee on Micro, Small and Medium Enterprises (MSMEs) for the UTs of Jammu & Kashmir and Ladakh for the quarter ended September 30, 2025, was held today at Reserve Bank of India, Jammu.
The meeting was chaired by Chandrashekhar Azad, Regional Director, Reserve Bank of India, Jammu and was attended by Joint Director, Industries and Commerce Department, Jammu; Assistant Director, MSME-Development and Facilitation Office; Controlling heads/ senior officials of J&K Bank, State Bank of India, Punjab National Bank, J&K Grameen Bank, Canara Bank, HDFC Bank, Axis Bank and ICICI Bank; officials from convenor banks of UTLBC, J&K and UTLBC, Ladakh;office-bearers of Indian Chamber of Commerce, Federation of Trade and Industry in India and Association of Small & Tiny Industries.
The Regional Director in his opening remarks stated that MSME sector in India continues to display impressive resilience, adaptability, and entrepreneurial spirit, reaffirming its role as one of the most vital pillars of our economy. He highlighted recent regulatory interventions aimed at alleviating sectoral challenges, notably, the elimination of prepayment penalties on floating rate loans for individuals and micro and small enterprises, and the easing of reporting requirements under the Export and Import Data Processing and Monitoring Systems (EDPMS / IDPMS), to reduce compliance burdens for small scale exporters and importers.
Reflecting on the regional scenario, he shared that as on September 30, 2025, UTs of J&K and Ladakh have achieved 61% and 78% of their MSME Annual Credit Plans FY 2025-26, respectively. He further urged the stakeholders to embrace formalisation, ensure credit discipline and prioritise registration of MSMEs on Udyam Portal and on boarding on TReDS.
Subsequently the Committee reviewed the performance of banks with respect to TReDS, Udyam Registration, review of flow of credit to MSME sector, achievement of targets recommended by the Prime Minister Task Force on MSMEs, position of NPAs, CGTMSE coverage, review of sponsored cases under PMEGP, review of rehabilitation of stressed units as per Framework for Revival and Rehabilitation (FRR) of MSMEs, review of banking facilities in MSME clusters etc.
During meeting Indian Chamber of Commerce (ICC) Jammu, led by its Chairman Rahul Sahai, submitted a detailed representation to the RBI Regional Director, highlighting key economic and sectoral concerns of the MSME sector in the Union Territory and provided constructive suggestions for policy and procedural improvements.
Sahai covered critical areas like – Financial Easing for MSMEs, CIBIL Score Improvement & Financial Literacy, Extension of Moratorium Scheme for MSMEs, and Strengthening of TReDS Platform Implementation. He emphasized that addressing these areas would go a long way in ensuring financial inclusion, stability, and long-term growth of the MSME sector in J&K.
Follow our WhatsApp channel
