– Review of pending cases of loan applications up to Rs 25 lakh
– Emphasis on expanding the scope of collateral-free loans and loan guarantees
Amar Ujala Bureau
Jammu. The issue of delay in getting loans to small industries in Jammu-Kashmir and Ladakh was raised in the meeting of the Reserve Bank of India (RBI). In particular, the delay in decision on loan applications up to Rs 25 lakh was reviewed. In the meeting, emphasis was also laid on increasing the facility of providing collateral-free loans to small businessmen from banks and increasing the scope of loan guarantee schemes. The banks assured to take further necessary steps on the issues raised.
The 72nd meeting of the MSME Empowered Committee of Jammu and Kashmir and Ladakh was held on Monday in the Jammu office of RBI. It was presided over by RBI Regional Director Prabhakar Jha. Representatives of government departments, banks, financial institutions and industry organizations participated in the meeting. In the meeting, Jha said that small industries play an important role in the economic progress of the country and creating new employment opportunities. He also asked banks to increase enterprise registration and intensify efforts to link small businessmen with loan guarantee schemes. Emphasis was also laid on increasing the use of Udyam Assist and TReDS platform. The committee reviewed the loans being given to small industries, district-wise loan distribution and the targets of the annual loan plan for the year 2026-27. The availability of loans without collateral and the situation of bad loans of banks were also discussed. Apart from this, progress of Prime Minister Employment Generation Programme, PM Swanidhi, PM Mudra and PM Vishwakarma schemes was also seen. Issues of helping small industrial units struggling with financial problems to restart their business and increasing banking facilities in industrial areas were also raised.
Source: www.amarujala.com
