J&K endowed with natural resources: Union MoS Finance


“PM very concerned about business, we have clear instructions to hear from J&K businessmen”

Srinagar, September 21: Union Minister of State for Finance Dr Bhagwat Kishanrao Karad on Tuesday said Jammu and Kashmir is endowed with natural resources and has clear instructions for hearing from men J&K business.
The Union Minister visited the headquarters of J&K Bank and met with CMD RK Chhibber of the Bank and senior management. Recognizing the vital role of the Bank in the overall economic development of J&K, he expressed satisfaction with the recent performance and overall functioning of the Bank.
Speaking on the occasion, Karad said: “Our Prime Minister is very concerned about business and its progress across the country and we have clear instructions to hear from J&K businessmen. I am happy to see that J&K Bank is doing a great job here ”
“J&K is endowed with natural resources. Having a lot of leeway for Ayurvedic medicines and other products, aspiring entrepreneurs in the valley should take advantage of the programs that the relevant trade union ministry has developed for the sector, ”he said.
The Union Minister also held a meeting, facilitated by the Bank, with a delegation made up of members representing the main industry associations in the valley in the presence of the Additional Chief Financial Secretary, Atal Dulloo and J&K Bank CMD RK Chhibber at the head office of the Bank.
Informing the Minister of the history of the Bank, CMD RK Chhibber highlighted the systemic role of the Bank in the overall economic functioning of the region in addition to highlighting its major contribution to the financial transformation of J&K and Ladakh for more than eight years. decades.
“The foundations of the Bank are fundamentally strong due to the enormous emotional fairness of the people of the region, in addition to the ongoing support and guidance from its promoter and main actor, the UT government. We have been instrumental in the implementation of Union Government flagship programs such as financial inclusion under Prime Ministers Jan Dhan Yojna, PM Mudra Yojana and other social security schemes and more recently during the Covid19 pandemic, we have largely contributed to the implementation of the GECL of the Ministry of Finance. Regime under Atmanirbhar Bharat Abhiyaan ”, he declared.
Additional Chief Finance Secretary Atal Dulloo said the government was formulating various programs to help local businesses.
“Due to Covid19, a rehabilitation program of 1350 Cr was announced by the UT government to revive J&K businesses, which included a 5% interest subsidy in addition to certain waivers of PDD and PHE contributions . The GST rebate is also done on a regular basis, ”he said.
In addition to thanking the Minister for his patient listening, the business delegation congratulated the management of the Bank in particular CMD for having provided them with the platform to express their points of view and convey their concerns to the visiting dignitary of a very free and frank manner.


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