JKB’s progress linked with business community: CMD
Precious Kashmir News
Srinagar, Dec 10: Giving a big financial push to the UT Government’s resolve to revive tourism sector in the region, J&K Bank today launched special scheme titled ‘Business Support Loan Scheme 2019-20 for Hotels and Guest Houses’.
The scheme was unveiled through virtual mode from Jammu by Financial Commissioner, Finance Department, J&K UT government Dr. A K Mehta (IAS) in presence of Chairman & MD R K Chhibber and Chairman J&K Hoteliers Club Mushtaq Chaya.
The hoteliers were represented by Chairman TCI Shafi Ahmad Tramboo, Chairman Hattrick Group Showket Ahmad Choudhary, Chairman Gulmarg Hoteliers Club Mukhtar Shah and General Secretary Gulmarg Hoteliers Club Akib Chaya.
The scheme has been tailored after incorporating the valuable inputs from the hoteliers and related businessmen to provide requisite finances to the hotels and guesthouses for meeting their infra-structural and daily running costs.
Speaking on the occasion, CMD R K Chhibber said, “Progress of the J&K Bank is linked to the progress of the business community. J&K Bank has been playing very pro-active role in reviving different sectors of J&K economy especially during the ongoing pandemic”.
He said soon after the initial pandemic-related restrictions were eased, we engaged with all the stakeholders in local economy while devising our plans for effective financial intervention. “The scheme to support the business of hotels and guest houses is one of the outcomes of those engagements. It is also in line with UT Government’s vision to achieve the tag of India’s most preferred tourist destination by providing the world-class tourism infra-structure and enhanced hospitality facilities across the region”.
“Both Lt Governor Manoj Sinha and Financial Commissioner Dr. A K Mehta have been closely following J&K Bank’s plan to support the tourism sector I am happy we have come up with a scheme that will provide relief and liquidity to the hospitality sector”, the CMD said.
He said the inclusion of the accounts that were affected by 2014-floods and 2016 disruptions and the 5% interest subvention to the borrowers affected by the Covid in the Revival Package for the business community of the UT of J&K announced by J&K UT government-led by the Lt Governor Manoj Sinha – has significantly helped the business community and has brought in a much needed relief to the business community.