Excelsior Correspondent
JAMMU, Mar 13: Chairman, PHDCCI Jammu, Rahul Sahai represented PHDCCI -J&K in the meeting of the Reserve Bank of India (RBI) Jammu, for the Empowered Committee meeting on MSMEs for the UT of J&K conducted here today.
The meeting was chaired by Regional Director, RBI Jammu and attended by senior officers of major public and private sector banks of UT of J&K, besides officers from SLBC and Industries and Commerce, J&K.
Sahai raised and discussed several issues with RBI Director which include problem of mortgage deed rate @ 1.25 % charged on the valuation of the property instead of loan amount ; TREDS scheme in which banks are bidding on a higher side because of that people are not opting for TREDS , banks are bidding upto 10% but margins are not that much.
He also projected issue of real disbursement of loans and the loans offered to them who are already comfortable in balance sheets, but this time stressed accounts needs a hand holding and also the issue of blocking the enterprises for 3 years after opting for OTS.
He refered to the awareness programs of Govt of India and Financial inclusion Schemes in collaboration of PHDCCI, opening of SME branches in all the industrial estates, financing of cluster industries like bat manufacturing , hotels, handicrafts etc and the the revival and rehabilitation of sick MSME’s and inclusion of all NBFC in J&K to have an option of lending to MSME.
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