CS urges banks to ramp up lending for increased economic activity
Jammu Mar 30 PTI The Jammu and Kashmir government on Wednesday urged banks to ramp up lending for increased economic activity in the Union Territory The credit contraction is a big drag on a growing economy like in Jammu and Kashmir Banks must ramp up lending to enable Jammu and Kashmir to keep up the ongoing growth momentum Chief Secretary Arun Kumar Mehta said while speaking in a meeting here While appreciating the JK Bank for launching a portal for real-time tracking of credit applications under government sponsored schemes he informed that a common portal for receiving and processing applications under all such schemes will soon be developed and integrated with banks operating in JK He said This will resolve all the concerns relating to delays in the processing of loan applications by different banks Mehta directed officials to prepare an actionable export and financial road map for the one district – one product scheme by April 15 PTI AB AB ANB ANB
Jammu Mar 30 PTI The Jammu and Kashmir government on Wednesday urged banks to ramp up lending for increased economic activity in the Union Territory The credit contraction is a big drag on a growing economy like in Jammu and Kashmir Banks must ramp up lending to enable Jammu and Kashmir to keep up the ongoing growth momentum Chief Secretary Arun Kumar Mehta said while speaking in a meeting here While appreciating the JK Bank for launching a portal for real-time tracking of credit applications under government sponsored schemes he informed that a common portal for receiving and processing applications under all such schemes will soon be developed and integrated with banks operating in JK He said This will resolve all the concerns relating to delays in the processing of loan applications by different banks Mehta directed officials to prepare an actionable export and financial road map for the one district – one product scheme by April 15 PTI AB AB ANB ANB
