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Will ensure increased banking activity and PSU banks in J&K: Finance Minister of India

  • Sun Online Desk
  • 25th November, 2021 06:32:28 PM
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Will ensure increased banking activity and PSU banks in J&K: Finance Minister of India

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Jammu/IBNS: Union Finance and Corporate Affairs Minister, Nirmala Sitharaman, Tuesday handed over sanction letters amounting to Rs 306 crore to 145 beneficiaries of different banks and credit linked schemes like Pradhan Mantri Employment Generation Programme (PMEGP), and MUDRA Scheme.

Finance Minister Nirmala Sitharaman and Lieutenant Governor Manoj Sinha Tuesday attended the Credit Outreach programme and other events organised by Banker’s Committee of J&K.

The Shikhara scheme focuses on meeting credit requirements up to Rs two crore for the Hotel, Tour & Tourism industry.

Under Tejaswini Scheme, financial assistance up to Rs five lakh to be given to young women for setting up self employment ventures.

"Projects that have been waiting a long time are getting rapidly implemented, sections of society that have never had any assistance from the government are getting it and genuine businesses are also being provided credit," she said.

The Lt Governor highlighted the vital role of credit outreach programmes and smart lending in enabling the government policies to reach everyone.

 

Source: India Blooms